Last month, I attended Camp Kotok, a private gathering of economists, fund managers, and other financial industry professionals.
The mood was cautiously optimistic to bullish about the markets – while the participants were feeling a bit uneasy due to changes in the financial industry due to advanced technologies.
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AI is removing the fear, greed, and discretionary mistakes from financial decision making and its power is in removing the human fully from that process.
We’re at the beginning of a cycle of progress that is hard to imagine … and easy to underestimate.
Ultimately, I think AI will transform the planet much like electricity did.
What about you?