At my mastermind meeting -- not my cruise, which
takes place in August, but my mastermind meeting, where we met on land, on the island of St. John -- there was lots of talk about AI.
My experience has been this:
A sliver of the public is very well plugged in about it, knows exactly what resources are available and how to use them optimally in their lives.
Most people, on the other hand, know these tools exist, but if
they use them at all they use them as glorified search engines and leave it at that. They know they could probably derive more benefit from them but don't know exactly how, and don't have the time or the burning passion to look into it further.
Still others are frankly tired of hearing about AI and feel like it dehumanizes everything it touches.
And then there are the
naysayers who have been arguing that the generative AI boom, particularly the explosion of spending on GPUs and data centers, is structurally unsustainable and resembles a debt-fueled bubble built on accounting sleight of hand, aggressive financial engineering, and unrealistic revenue projections.
One of them, Ed Zitron, puts it like this: "I must be blunt: absolutely none of the major generative AI companies have any plan for
profitability. Nobody does. There is no plan. Nobody has one. This is indisputable. Nobody has any idea what to do, and nobody wants to talk about it because when you do so, everything seems a little crazy."
So how should we think about all this?
Because if these AI tools can indeed work as advertised, and if they continue to improve, and if the profits these companies hope will eventually materialize do indeed
materialize, lots of people who thought their careers would go one way could wake up to find them going another.
Who and what is most vulnerable? What should people be doing right now?
These are questions I assume people on my business list have been thinking about.
I'm going into all of this in the next issue of
the Tom Woods Elite Letter, my print newsletter that arrives in your physical mailbox.
That's right: a print newsletter. Old school.
You hold it in your hands.
You can put down the godforsaken screens for once.
This new issue is just about on its way to the printer, so hop on board in time to get it:
https://www.SupportingListeners.com
Tom Woods