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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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A TL;DR of the Goldman-Sachs AI Criticism (lemmy.world)

submitted 1 month ago by homesweethomeMrL@lemmy.world to c/fuck_ai@lemmy.world

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[–] fine_sandy_bottom@discuss.tchncs.de 3 points 1 month ago

The thing is... this type of "risk" is already priced into the value of shares like Concentrix. There's a phrase... "the market is always perfectly priced", which means that if all information is available to everyone then the price you pay is the correct price, adjusted for risk.

To say the same thing another way, the current price for Concentrix shares is the price they would be if the AI bubble popped, less an adjustment for the risk that the bubble doesn't pop.