Interesting read. I guessing that just like 25 years ago the internet came into being, and now practically every job uses more or less the internet... Most jobs in 25 years from will involve working with AI.
I'm guessing that you want to be in stocks where the assets are irreplaceable by AI: think buildings, mining, oil rigs, police, probably largely (but not fully) in psychotherapy and care in general.
The revolution after AI may be Robotics with AI, in which case some of the hitherto safe businesses will be disrupted too.
Yes the big difference this time is that past innovations were all limited by human intelligence and decision making. Now AI is smarter and faster than humans. It changes everything.
Great article. To look at possible alternate scenarios, is there a scenario where you might be concerned that AI leads to job losses on a scale where tenants or businesses can't make their rent payments, thereby affecting REITs negatively? Also, can AI create a more dispersed work environment where businesses or people might migrate to areas where land is cheap? I'm thinking places like North Dakota where you need water and power to run AI (water for cooling energy plants) and if you have those two things maybe it's okay to be away from major population centers?
That is an interesting point and I have a follow-up article coming soon to discuss this topic. I expect to post a series of articles over the coming weeks addressing AI related topics. Thanks!
Interesting read. I guessing that just like 25 years ago the internet came into being, and now practically every job uses more or less the internet... Most jobs in 25 years from will involve working with AI.
I'm guessing that you want to be in stocks where the assets are irreplaceable by AI: think buildings, mining, oil rigs, police, probably largely (but not fully) in psychotherapy and care in general.
The revolution after AI may be Robotics with AI, in which case some of the hitherto safe businesses will be disrupted too.
Yes the big difference this time is that past innovations were all limited by human intelligence and decision making. Now AI is smarter and faster than humans. It changes everything.
Outstanding article Jussi, many excellent points on AI's impact at scale. Thank you for your time and effort in providing this.
Thanks for your kind comment! We will have several follow-up articles in the coming weeks. It is a very important topic.
Great article. To look at possible alternate scenarios, is there a scenario where you might be concerned that AI leads to job losses on a scale where tenants or businesses can't make their rent payments, thereby affecting REITs negatively? Also, can AI create a more dispersed work environment where businesses or people might migrate to areas where land is cheap? I'm thinking places like North Dakota where you need water and power to run AI (water for cooling energy plants) and if you have those two things maybe it's okay to be away from major population centers?
That is an interesting point and I have a follow-up article coming soon to discuss this topic. I expect to post a series of articles over the coming weeks addressing AI related topics. Thanks!