In today's live podcast from Dublin we do a comparative vibe check on the Irish economy compared to the US economy. We speak about the pressure of inflation on investor portfolios and ask what investors should do to guard against that.
In looking like a now-familiar chart plotting the size of the US stock market v. the rest of the world the question is asked as to whether investors are in fact happy running that level of risk, particularly as it pertains to US stocks and tech stocks in particular. One guest suggested that the best approach was to communicate early and often to investors about the realistic expectations as to risk and return and how to modify their portfolios accordingly.
We cycled back to AI, the bubble question and the use case and collected some "anecdata" from the guests in the room as to how they were using AI in their personal and professional lives, citing some of the shortcomings of the dataset so far. In general there was a skepticism around its broader, aspirational use case, and definitely a sensitivity to cost. When discussing AI as a kitchen table issue it was clear that when translated into monthly consumer expenditure the revenue projections seem untenable. This begs the question as to who will pay - inevitably enterprises - and where they will take money from in order to achieve this.
