Microsoft and Alphabet both reported mostly strong results Tuesday, but the disparate reactions from investors showed that Wall Street only cares about AI now.
AI is another one of those tech fabs that’ll fade away, but not like blockchain and NFTs. There’s money to be made because people are excited, but it’s use-cases are much more complicated.
AI is a fantastic tool for creators, including programmers with Copilot. But it isn’t a full-blown replacement for workers quite yet. A lot of capitalists are really excited to slash their workforce in half, sure, but they’re utterly ignoring the true potential of AI. It’s a tool, not a replacement (yet).
Those capitalists also do not understand that if these tools can replace workers everyone can, through FOSS projects, own these tools and let them work for themselves.
AI is another one of those tech fabs that’ll fade away, but not like blockchain and NFTs. There’s money to be made because people are excited, but it’s use-cases are much more complicated.
AI is a fantastic tool for creators, including programmers with Copilot. But it isn’t a full-blown replacement for workers quite yet. A lot of capitalists are really excited to slash their workforce in half, sure, but they’re utterly ignoring the true potential of AI. It’s a tool, not a replacement (yet).
Those capitalists also do not understand that if these tools can replace workers everyone can, through FOSS projects, own these tools and let them work for themselves.
This is an extremely good thing for investors.
Very successful small companies almost always seek capital.