Matt Levine’s Money Stuff: The AI Whateverpocalypse Trade

AI eats the world

Okay so I have a business plan for Sam Altman. Here’s what you do. You build an artificial intelligence application for some specific sort of business, coding or tax planning or whatever. You roll it out on a Tuesday morning. You announce it in blandly optimistic terms and do some cool demos. You go on financial television, and when they ask you — as they will — a question like “won’t this disrupt the business model of software-as-a-service companies” or “won’t this put financial advisers out of business,” you smirk ruefully and shake your head and say “well there ...