Imagination is twitterpated by rapid progress because the incline of growth insinuates parabolic continuation. And on April 4, 2023 as I write this, nowhere is there a bigger blood rush of the minds than in AI. Will AI become sentient and wreak James Cameronian demise? Will AI untether us from our earthly bounds and either by way of Mars or Metaverse, rapidly evolve humanity and its dominion? Is death canceled by ChatGPT17? What are the moral implications of turning a sentient AI off? Should they vote? While these are fabulously interesting conversations to have, and truly without the air of patronization that comes with any sentence that begins with the word “while”, they miss the actual point.

What if AI works? That’s it.

What if AI works?

Consider this: Bloomberg is launching BloombergGPT. The essence of BloombergGPT is the digestion of the massive, specific dataset that Bloomberg has access to (specific datasets are ones that are not publicly available as opposed to ChatGPT which principally uses the publicly available internet) revealing greater truths of investing…and then being able to make decisions autonomously.

So let’s say that works. Let’s say that BloombergGPT is a good investor. All a client would have to do then is buy the subscription and it will not only pay for itself (the favorite sentence of so many a hamhock salesman) but it will function outside the bounds of normal human investing. It won’t have to spend the time looking up P/E and comparing to other like priced competitors, or checking why the pivot table is all farkakteh – it’ll…just…do…it. And it won’t stop doing it. And it will do it well. It will be working well 24/7. Or what if it’s not just a pretty good investor, what if it’s a great investor? Or the best investor?

What if it works?

So huzzah! Bloomberg is stoked because they’ve fulfilled their function and brought something monumental to market. They should be excited! And immediately, the few companies that are able to meet the capital costs are met with fabulous profit. The effects here on a few specific companies could be as quick as they are profound meaning that in a very short period of time, there is a pretty intense consolidation of wealth.

Or look at sales and marketing overall. The eminently shadowy world of martech has long since been enamored with the idea of automated appointment generation ...

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