Their comments, received by email and lightly edited for clarity, are shared below."Every important disruption since the start of the industrial revolution has cost millions of people jobs. And created millions of jobs. And advanced inexorably, only slightly slowed by each generation's Luddites.
"The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty. In addition to the productivity benefits, there is nothing in theory or practice that leads to an inflation conclusion emanating from enhanced technological innovation. If history has taught us anything, this is it.""It was always predicted that technology would displace the proletariat and the mass unemployed would lead a world revolution. That did not happen.
"In 1903, air flight was invented with a 12 second flight; 66 years later, we landed on the moon and returned safely. "AI's progression is following an exponential curve, not a linear one, meaning that advances may come much faster than expected. The investment community and public will be blindsided by how quickly AI transforms society and the economy.""AI is a classic 'Big Market Delusion,' a term coined by Brad Cornell and Aswath Damodaran.
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