What a fantastic article! Thank you for sharing. AI LLMs are also often so wrong it's embarrassing. I tried to be lazy and have an AI bot provide a transcript of a (very boring) meeting about interest RATES and it hallucinated a whole script about race and rape but no mention of rate. Last time I will ever try that, goodness gracious!
So Ed Zitron has been digging into the numbers behind the AI Bubble and coming away pessimistic and, unusually, I actually think he’s downplaying the risks a bit because much of them are hard to quantify as hard numbers
https://www.wheresyoured.at/wheres-the-money/
- The only plausible growth story today for the stock market as a whole is magical “AI” productivity growth. What happens to the market when that story fails?
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