The Economic Impact of Artificial Intelligence | Invest Like The Best

Patrick O’Shaughnessy and Avi Goldfard discuss the pace of AI’s development compared with other technologies, winners & losers of AI & much more.

Link to full podcast summary: The Economic Impact of Artificial Intelligence

Check out the full podcast show notes: The Economic Impact of Artificial Intelligence

Key Takeaways:

• Organizations that figure out how to take advantage of people who are good at lots of things, but not writing, are going to be the first ones to take advantage of ChatGPT.

• Somebody needs to invent the interface that allows millions of people to take advantage of the writing capabilities of Chat-GPT 

• In order to get value out of new technology like ChatGPT, you have to do things differently

• Application solutions allow you to build new processes without having to mess with the entire system.
  

• The world has always operated in terms of decimals and probabilities. But without a prediction machine, we default to lazy ways of thinking
  

• ChatGPT allows millions of people to do the things that historically only thousands could do.