I really appreciate your missives, and I have a question.
How do you think AI will shake out? It should make corporations’ profits sky rocket, but will put a lot of people out of work. Companies will be much leaner with higher margins, but with 20%+ unemployment (according to Sam Altman), won’t sales slump?
Hi Paul,
I really appreciate your missives, and I have a question.
How do you think AI will shake out? It should make corporations’ profits sky rocket, but will put a lot of people out of work. Companies will be much leaner with higher margins, but with 20%+ unemployment (according to Sam Altman), won’t sales slump?
So how might that translate to the economy?