Artificial intelligence is further along than Cowen realizes. AI is what hedge fund managers use to extract excessive rents. Whoever comes up with the best algorithm will end up with all the money.
He's right. Even the example of the much vaunted tech giant Microsoft hasn't innovated at all. They do employ a few people, but they're incredibly unproductive.
Could it also be that there is a boundary to growth ?
The whole idea of continuous growth by the consumer society was created just after WW2.
And looking back at it, did we really expect it to be sustainable ?
autohmae 2 months ago
Artificial intelligence is further along than Cowen realizes. AI is what hedge fund managers use to extract excessive rents. Whoever comes up with the best algorithm will end up with all the money.
Hangingoutbythebay 2 months ago
He's right. Even the example of the much vaunted tech giant Microsoft hasn't innovated at all. They do employ a few people, but they're incredibly unproductive.
G58 3 months ago