The decreasing cost of car production doesn’t mean the automotive industry will disappear. On the contrary, lower costs make cars affordable to more people, expanding the overall market. The same is true for AI. If AI enables a programmer to write ten times as much code in a day, entirely new software and services—once economically unfeasible—could emerge, increasing the total wealth created in society. Without value creation, pure asset speculation is merely a zero-sum game.
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