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A Jay Powell Mini-Bear, More Weekly Bull, and the Dangers of a “Narrow Rally” -- Some AI Monkey Business

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Manage episode 399051559 series 3012803
Content provided by InTrumpTimePress. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by InTrumpTimePress or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM AND PLEASE WRITE A REVIEW OF THIS PODCAST!

HERE'S AN EXCERPT

My broad and obvious fear is that as the AI secular boom accelerates, we will hit a threshold that will lead to the biggest mass layoffs this side of the Great Depression. Unlike in the Great Depression, it won’t be manufacturing workers and farmers, although they will take a hit; the biggest casualties will be white collar folks across the board.

To understand the problem, suppose you pitted a monkey with the latest AI search engine against a freshly minted college grad from Harvard or Princeton in knowledge and writing tests. The monkey would win every time.

  continue reading

140 episodes

Artwork
iconShare
 
Manage episode 399051559 series 3012803
Content provided by InTrumpTimePress. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by InTrumpTimePress or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM AND PLEASE WRITE A REVIEW OF THIS PODCAST!

HERE'S AN EXCERPT

My broad and obvious fear is that as the AI secular boom accelerates, we will hit a threshold that will lead to the biggest mass layoffs this side of the Great Depression. Unlike in the Great Depression, it won’t be manufacturing workers and farmers, although they will take a hit; the biggest casualties will be white collar folks across the board.

To understand the problem, suppose you pitted a monkey with the latest AI search engine against a freshly minted college grad from Harvard or Princeton in knowledge and writing tests. The monkey would win every time.

  continue reading

140 episodes

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