The Future: Markets, AI & Climate Change with Jeremy Grantham
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Artificial Intelligence and the Bubbles
The Nasdaq is up 25% more than the Russell 2000 this year, which is about a world record. I don't think there's any chance over decades if society stays coherent that artificial intelligence and computing power will not come together in a way that will give them powers far beyond human beings. So imagine a world where you have a million devices that all learn everything simultaneously and they have acquired an IQ of 200. This is where you start to panic and you decide that you better destroy them or limit them quickly before they get ideas above their station.
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