We (around 40 people from SW development) trundled into a bar after work last week and wanted to round off the evening in a relaxed atmosphere. Instead of 2 beers, there were of course significantly more and the topic of our operational business was over relatively quickly, in the end of course (once again) we only talked about AI and the discussion hype/sustainability and how each individual can benefit from it (many do without any company insurance, prefer to receive an annual bonus and invest it in the stock market).
In the end (8 beers later) there was relative agreement that it is
a) it is a megatrend with a tailwind (comparable to the internet or smartphones back then)
b) AI will change every industry (and in my opinion very quickly)
c) targeted investments will lead to significant increases in value in 5-10 years.
What has left us all with questions is the impact on the labor market. Entire industries will look completely different in the future; instead of people, there will be robotics and perhaps a handful of people monitoring everything. Where will that lead? Tax systems need to be rethought (loss of jobs = loss of wage tax and social security contributions), the education system needs to be revolutionized and so on. Where are we heading? AI user tax? Digital value-added taxation?
Very exciting with our political leaders and little hope :D
Of course, this is all minimally frightening, but it also offers us all incredible opportunities.
To return to the core issue: I think we all have an opportunity here to build massive wealth. My portfolio is extremely tech-heavy, so I'm still betting on the big players ($NVDA (+0,4%) , $TSM (+0,17%) , $ASML (-1,43%) - entire value chain for chip development), $GOOGL (+1,27%) , $META (-0,65%) . $AMZN (+0,1%) and also a few riskier ones like $PLTR (+0,57%) , $SMCP, $NOW (+0,21%) etc.).
Quantum computing would of course be the next big highlight, but that's another story.
What do you think about it? How will AI shape our generations, what social impact will it have and where are you investing?
LG Max
