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Codie Sanchez on Buying Boring Businesses and The Secret to Wealth
Never Enough
Disruption Favors the Unregulated
AI has rapidly transformed industries in unexpected ways, focusing on sectors such as design, writing, and creativity rather than the anticipated 'dirty, dangerous, and dull' tasks. This shift occurs largely due to the lack of regulatory barriers in these industries, allowing for swift integration and adaptation of AI technologies. In contrast, heavily regulated sectors like finance and accounting remain largely untouched by AI's disruptive potential, as their regulatory frameworks create significant obstacles. AI is expected to target standardized processes with abundant data and clear constraints aggressively. In addition, specialized robotics are set to revolutionize industries suffering from labor shortages. Companies that can strategically harness AI for media content creation and understand its advantages will gain a significant competitive edge, operating at lower costs compared to others who fail to adapt effectively in their respective fields.
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