Part 10/12:
This capital investment indicates that, despite short-term market fluctuations, the foundational infrastructure for AI development remains robust. These assets have decades-long payoffs, implying that even if the current hype cools off, the industry’s underlying hardware and data centers will sustain growth.
The Secular Trends: AI as a Permanent, Transformative Force
The speaker concludes with a compelling assertion: AI, particularly generative pre-trained transformers (GPTs), is a general-purpose technology—pervasive, constantly improving, and spawning innovations across sectors such as medicine, law, and coding. This positions AI as a secular trend, meaning its impact is long-term, structural, and largely irreversible.