The Real AI Problem Made Simple

Let's start with a basic caveat.

I think that anyone paying attention to just the day-by-day noise of markets, the sort of investor ramifications of the AI story, if you read the Wall Street Journal, if you watch financial television, it's rather abundantly clear that AI is this huge story at various levels of engagement, nuance, particulars, but you really can't be paying attention to investment markets without hearing AI as more or less the primary story.

Some of them are more interesting than others.

Some are more intelligently presented, but there's just an abundance of coverage about AI for very good reason for anything related to investors and markets and all that.

But then this is also very true of any discussion of the economy.

When we look at the state of jobs, when we look at the state of GDP growth and the sources of GDP growth, when we look to understand potential ramifications around business investment, capital expenditures.

These things are all just unbelievably intertwined with the AI story and discussion.

AI is not only the kind of major investment story, it is the major economic story right now.

as well, even more so than traditional economic story favorites like the Fed and interest rates and the midterm elections and things like that.

And then speaking of those midterm elections, this third category I want to mention is in the political sphere.

The AI story is everywhere you look.

All of a sudden, lo and behold, there is bipartisan populist rage over data center construction.

There is various left-wing critique of the AI movement because of the billionaire tech tycoons and oligarchy that surrounds it.

There is right-wing opposition because of the lack of trustworthiness of the big tech folks or privacy concerns or whatnot.

It is a reasonably unavoidable story in the political sphere as well.

And so whether you're talking about investment, economic or political domain, the AI thing is touching all the above.

And all of these different categories in our society where there is AI discussion, create their own levels of noise and their own levels of heat that is often very different from light.

And that's fine.

I'm not here today to say I'm going to clean it all up, but I do want to talk about the important part to us in the Dividend Cafe.

that to the extent the Bonson Group has an investment point of view, and there is an element to this story that I think is being missed.

Now, there's a lot of elements to the story.

In the written dividendcafe.com today, I actually went through and I think found the last 10 dividend cafes I had written about AI in one form or another and provided the link where we're talking about AI and jobs, where we're talking about a bubble risk in AI, where we're talking about inflationary or deflationary ramifications of AI.

We're talking about the history of various bubbles, where we're talking about what disruption AI is creating and is not creating in the software space and so forth.

So we've done a lot around AI here in the Dividend Cafe, and that's because it is such a big story for investors in the economy, in the political sphere, etc.

But what I want to suggest today is that there is a better way to narrow down the big issue right now than what has been done.