No. of Recommendations: 4
No. of Recommendations: 5
The paper is a very important read. Add to the subject the amount of energy required to feed the cryptocurrency industry and the numbers get very scary.
So, how do we make money knowing this? Well, stocks like Nvidia, Amazon, Meta, Microsoft, Google, Apple and the obvious software and hardware satellites to these guys are obvious.
I've taken a bit less glamourous route by investing in the electrical infrastructure companies whose products are likely to be employed (along with firms who, for example, specialize in data center air-conditioning.
The unanswered question is, assuming the above firms are not being altruistically generous, what pound of flesh they will demand (or secretly extract) to pay for the billions of dollars in investment.
I am old enough to remember buying my first calculator, fax machine, PC, mobile phone etc., etc. We may be of the final generation when mankind (and womankind) invented stuff without an artificial "advisor" leading the way. It will take a while before our generation(s) treat AIs as "people" rather than tools, but that's what they are beginning to be able to approximate.
It would be interesting to see what one would cook up as an optimal stock screen.
Jeff
