Juggling Dynamite

A historic take-back period is baked into current pricing.

The US stock market’s rally to new highs has been propelled by so few stocks that it’s reminding some on Wall Street of the runup to the dot-com bubble. George Noble, Managing Partner of Noble Capital Advisors, discusses the AI trade and how he believes the coming bust would be much worse than the dot-com bubble fallout.  Here is a direct video link.

Every few months, it seems that another tech CEO predicts that AI will do many of our jobs in the future.

But if companies eventually replace too many workers with AI, will there be enough people left with a paycheck to continue buying goods and keep the economy going?

In this episode, Katty Kay talks with Professor Gerry Tsoukalas, who recently co-wrote a paper with Professor Brett Falk titled “The AI Layoff Trap.”

They built a mathematical model to game out just how bad an AI layoff wave could get — and whether anything can actually stop it.

According to their model, many companies may see this firing-your-customers trap coming and walk into it anyway.Here is a direct video link.

Thought-provoking presentation…

Human domination relies on large-scale cooperation among strangers, which is sustained by bureaucratic systems – such as laws, finance, religion – designed to build trust. Since AIs are ‘native bureaucrats’, they can effortlessly remember all laws, transactions, and scriptures far better than any human. This leaves AI uniquely placed to take over critical processes, such as granting bank loans, deciding university admissions, determining prison sentences, and executing military strikes. Are we prepared? Here is a direct video link.