Subscriber Comment of the Week (And My Response)
rolf thrane
I knew there was a reason I am subscriber here. Some poeple are critcial of Dougie’s “Bearishness” – I call it critcal thinking. I think this is the best piece Dougie has written on AI or certainly one of them. I agree with all of it.
One really important point among many, is that the government has already poured enormous amounts of money into technology—indirectly, through years of nearly free capital. The result has been reckless technology spending, a massive redistribution of wealth and the creation of increasingly uncontrollable technology monopolies.
So, naturally, the solution is to protect OpenAI and Anthropic, entrench their dominance and continue doing more of the same by getting politicans to guard against “Open Source.”
Dougie Kass
thx for this comment rolfy, much appreciated.
i have tried to deliver a contrarian view about a benign AI outcome (adoption, effectiveness, cost, profitability, etc.) because 95% of what investors see is bullish on AI
as i am a lay person and not tech expert i try to employ common sense, logic of argument, experience, analysis, dependency on my contacts, etc into an understandable refutation or better, recognition that a number of outcomes will be adverse for AI Mag7 investors and not necessarily sunshine and lollipops.
i have written 248 columns for a reason… as i say in the next post… ai has been the straw that stirs the economy and market’s drink (h/t Reggie Jackson)
post script:
Question. If AI is so smart, why can’t it figure out a way to make itself profitable?
This is pretty good too. Throughout history, mad scientists have been some of the most dangerous people. They are goal seeking aspergery sociopaths, that cannot see beyond the funnel of the experiments they are running:
Position: None
