AI has gone fully hyperbolic. Not the stocks or investment profits β though they surely leapt in recent years. The chatter, hype, extreme claims. Headlines herald an impending βtsunami,β βadapt-or-dieβ moments and looming βapocalypsesβ for jobs, industries β¦ even humanity.
Reality check: understanding AIβs investment implications means muting hype and fathoming the Four βnβsβ: nuance, necessity, newness and nuisance.
First, I know not just how AIβs evolution plays out. No one does. Thinking otherwise is hubris. That hasnβt stopped pundits and βexpertsβ from offering myriad far-flung (often dystopian) theories since I last addressed AI in July 2023. They foretell fast, overwhelming, usually negative change.
Most repeat a centuries-old error: thinking innovation will only destroy and not create
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