Part 10/16:
An extensive discussion revolved around Artificial General Intelligence (AGI) and its potential to revolutionize markets and society:
Superintelligence: AGI trained on massive datasets could identify unknown market patterns, leading to unprecedented alpha generation.
Market Efficiency: AGI could process all information in real time, rendering arbitrage and traditional research obsolete.
Unequal Playing Field: Access to powerful AI tools could favor institutions and wealthy investors, increasing inequality.
Market Changes: Markets might become 24/7, with AI systems reacting instantly. Retail investors may find themselves at severe disadvantages.
The speaker expressed a mix of excitement and concern: