> It is a smart strategy on their part.
No, it's a high risk gamble.
If the market grows enough they will win the bet, but if the market doesn't or we get a recession that dries up capital they will be holding the bag.
No, it's a high risk gamble.
If the market grows enough they will win the bet, but if the market doesn't or we get a recession that dries up capital they will be holding the bag.
So for this to become true there are some number of jobs that that pay $N salary are replaced completely by LLMs that do the job for $N-0.01?
Is that what you mean by "market grows enough"
Even in a recession I think the shift towards AI would just accelerate since it is usually cheaper than humans.
The real risk I feel if what if AI is too successful and there is a lack of human demand because of dropping wages/employment?
(Then I wonder if sentient robot demand will make up for it? Although I realize that veers into science fiction futures.)
What else should they be buying? US bonds, housing?