2542 shaares
3 private links
3 private links
The industry will spend the next eighteen months debating whether artificial intelligence is a bubble, which is the wrong question, asked at the wrong layer. The technology is real; so were the houses. The question is narrower: what happens when instruments underwritten at the teaser meet their reset schedule, and who is holding the paper when the obligations cannot be met as written. The reset wall is published above and the AI boom sits in a period of fiction.
Connor Leahy
“These systems, as they become more powerful, are not becoming less alien. If anything, we’re putting a nice little mask on them with a smiley face. If you don't push it too far, the smiley face stays on
Misconception, no physical world.