Markets are pricing AI on future potential
Markets are pricing AI on a future shaped by foundational model capability and rapid workflow innovation. As leaderboards continue to shift, the case for broad AI pessimism remains premature.
By Vishnu Rajkumar · Marginalia
Originally published on linkedin
note · LinkedIn
The financial markets are pricing AI based on its future potential; a future much farther from what the media and the general consensus would be comfortable with. Such long-horizon views have never been taken so aggressively in the market.
‘Potential’ is synonymous with the value foundational models offer; bigger benchmarks, deepening capability curves, shifting leaderboards. However, for businesses the value is concrete and tangible once the tokens have passed through ‘their’ workflows.
The velocity at which workflows or applied AI tech is being built is different from deep tech AI innovation. If the leaderboard isn’t being shuffled often; it’s the time to be bearish on AI. Such a time is nowhere in sight.
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