The $10-$15 trillion total addressable market for AI, if it is successful, is actually "terrifying".
- The famous "Dean of Valuation", Professor Aswath Damodaran, of NYU Stern School of Business.
The reason: AI as a tool is a much smaller market; AI as a replacement for human-jobs is where the giant market story comes from.
"The best-case scenario for AI, that $10 to $15 trillion market, will happen if ONLY it replaces people.
If AI is a tool, itโs going to be a much smaller market than if AI replaces people. So, the stories weโre telling about $10, $20 or $25 trillion markets are actually terrifying stories for the rest of the world.
Why? Because if that story comes true, half of all white-collar people are going to lose their jobs. And what are they going to do instead? Whoโs going to come up with the income to buy the products and services?
If AI works as well as itโs supposed to and replaces people, how do we deal with that as a society? Because people lose their jobs. Not only do you lose your income, you lose your lifeโs meaning.."
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Video from "Excess Returns" podcast (full video in quoted tweet, also link to their YT in comment)
๐๐๐ ๐ ๐จ๐ซ๐ฎ๐ฆ ๐๐ซ๐ ๐๐ฌ ๐๐๐ ๐ญ๐จ ๐ ๐๐ฌ๐ญ-๐๐ซ๐๐๐ค ๐๐ญ๐ก ๐๐๐๐ซ๐ ๐๐๐ฏ๐ข๐๐ฐ
The Central Secretariat Service (CSS) Forum has urged the Prime Ministerโs Office to speed up the long-pending 4th Cadre Review of the service.
The Forum said the delay has been going on for several years. The review, which was due earlier, is yet to be finalised despite repeated requests.
According to the Forum, timely cadre review is important for proper manpower planning and smooth functioning of government departments. It also helps ensure fair promotions and career growth for officers.
The CSS is a key service that supports the day-to-day work of ministries and departments.
The Forum has stressed that early finalisation of the review will improve efficiency and boost morale among thousands of officers working in the system.
#4thCSSCadreReview #CSS #PMOIndia #ViksitBharat2047
@AmannaPrerana@kishanp93196521 War! Not acceptable. Then he said, qoq mat dekho. Then no specific reason for RPOB stagnation. 50% occupancy rate, no specific reason.