Pompliano: Is the claim that AI will cause 100 million people to lose their jobs a false issue? Does the bubble in the Capital Market really exist?

Jordi Visser is an investor with over 30 years of experience on Wall Street. He often shares market analyses on his VisserLabs and YouTube channel. Recently, he appeared on the well-known Bitcoin Whale Anthony Pompliano's show to delve into current investment market concerns, including the Bubble Economy, the impact of artificial intelligence on the market, the supply-demand imbalance in energy infrastructure, and the evolution of future economic structures. Below are the key points of the interview compiled and translated.

Is the economy turning into a Bubble Economy?

Currently, there is a widespread "Bubble Economy" theory in the market, and many people express concerns about the current stock market and asset values, fearing that they are excessively inflated. Visser mentioned that although many people remain alert to bubbles, especially in the field of artificial intelligence, he believes this does not equate to the market being in a bubble state. He reviewed past market experiences, particularly the 1999 internet bubble, when market pessimism reached historical highs, and the Federal Reserve's monetary policy was actively adjusting. In contrast, the current market sentiment has not reached such extremes, and some indicators even show that market sentiment is at relatively low levels.

Visser explained that the demand in the field of artificial intelligence far exceeds the current supply. Although many are concerned that artificial intelligence will create a Bubble Economy, he believes that the market is actually healthy when supply is insufficient to meet demand. This is similar to the infrastructure construction of the 1990s, when, although demand was strong, the corresponding technologies and applications did not immediately catch up.

Artificial Intelligence and Future Investment Opportunities

Visser emphasized that there are huge investment opportunities in the field of artificial intelligence, but there are still bottlenecks in supply despite the rapid growth in demand. He cited NVIDIA as an example, pointing out that although the market demand for AI is enormous, the current computing supply still cannot fully meet it. This means that even if there is a market correction in the short term, one should remain optimistic about the long-term prospects of artificial intelligence.

However, Visser also warned that the market's over-reliance on a few large technology companies (MAG7) could lead to future risks. Although these companies currently have stable revenues, they may encounter funding chain crises if their capital demands are too high in the future. He also mentioned that with the widespread application of AI, these tech giants may face more competition from emerging enterprises, further impacting their stock price performance.

The construction of a large number of energy infrastructure may lead to a shortage of institutional funds.

Another topic mentioned is the imbalance between global energy supply and demand as well as infrastructure. Visser pointed out that many countries around the world are engaged in large-scale infrastructure construction, but due to rapid changes in technology and demand, many infrastructure projects have yet to generate the expected revenue in a timely manner. For example, before the popularization of the iPhone, the returns from many infrastructure projects were not obvious, and today's AI infrastructure faces similar challenges.

Visser believes that this imbalance between supply and demand will continue to affect the energy sector, especially in the construction of electricity and computing infrastructure. He predicts that with the rapid growth of investment in the AI sector, companies will require more funding to support the development of these infrastructures, which could create short-term pressure on the stock market.

Is the claim that AI causes 100 million people to lose their jobs a false issue?

When discussing changes in the socio-economic structure, Visser contrasted capitalism and socialism, stating that the current economic situation is showing a "K-shaped economy" phenomenon, where the gap between the affluent class and the middle to low-income class is further widening. With the proliferation of AI technology, more and more knowledge-based jobs may become automated, which will pose challenges to the labor market. However, Visser also believes that certain industries, such as electricity and construction, will still provide a large number of high-paying job opportunities.

It is worth noting that Visser is skeptical of the prediction made by Sanders and others that "AI will cause one hundred million people to be unemployed." He believes that while AI will change the employment structure in certain industries, a massive wave of unemployment is unlikely to occur in the short term. Instead, more jobs will shift towards the service industry and infrastructure sectors, which will become the pillars of future employment.

Jordi Visser's perspective reveals the complexity behind market and technological advancements. He emphasizes that while there are certain risks of bubbles in the market currently, in the long run, artificial intelligence will continue to drive economic growth. With the issue of supply and demand imbalance still present, investors should be vigilant and prepared to respond to market adjustments. Regarding the future job market, Visser believes that although AI will bring economic challenges, it will also create new opportunities, especially in the infrastructure and service sectors.

The continuous development of AI technology will bring about more profound changes to the global economy. Visser's insights provide another perspective to help investors understand the opportunities and risks in the current market.

This article Pompliano: Is the claim that AI will cause 100 million people to lose their jobs a false issue? Does the bubble economy in the capital markets really exist? It first appeared in Chain News ABMedia.