Conversation

Joachim Klement (Panmure Liberum) concludes that:

'the IPO of these AI companies is probably nothing more than a major transfer of investment risk from the current owners to retail investors, pension funds & others who are willing to buy the hype'....

possibly reflecting the old notion that all investment markets require a fool, and if you're not sure who the fool is, its likely you!

If you've bought the AI hype, you may just be AI first movers' fool?

#AI #economics #investment
h/t FT