Will it be a bust?
An interesting read. Covello is the same age as me. I remember the dotcom boom [thousand yard stare]. I had to do merchant card processing risk assessments [four thousand yard stare].
Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm.
Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.”
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I’m not sure ‘be patient’ is a killer counter analysis.
“The industry’s history has led some people to say Mr. Covello’s call for caution is premature. Shortly after Goldman’s paper was published, George Lee, co-head of the firm’s geopolitical advisory business, challenged Mr. Covello in an email, saying A.I. was poised to save workers time and improve their productivity. Mr. Lee urged him to be patient.”