I think we can theoretically get around 4 by comparing the value of AI stocks to non-AI stocks.
I think an additional problem is that we don’t have a no-AGI-baseline to compare prices to—we can see that Nvidia is worth $400B but we can’t directly tell whether that includes lots of expected value from an AI boom or not.
I think we can theoretically get around 4 by comparing the value of AI stocks to non-AI stocks.
I think an additional problem is that we don’t have a no-AGI-baseline to compare prices to—we can see that Nvidia is worth $400B but we can’t directly tell whether that includes lots of expected value from an AI boom or not.