AI's Double-Edged Sword: Productivity & Unemployment
Update: 2025-12-09
Description
AIs potential for productivity boosts is alarming, as it may displace millions, exacerbating social and political divisions. Major tech players are investing heavily, driving a winner-take-all arms race. Wall Street is preparing to fund these investments, but questions remain about their long-term viability. Howard Marks advises caution, acknowledging the risk of ruin but also the potential for a significant technological leap forward.
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