Don Curren 🇨🇦🇺🇦Bloomberg: “A fresh burst of optimism around #artificialintelligence helped stocks make a strong start to 2026. #Nasdaq100 #futures advanced 1.1% on a flurry of #AI news out of Asia, while benchmark indexes in Europe and the UK hit new record highs.” #markets
I Heart NoiseOptimism from who exactly? Investors?
I don't see much positive reaction to AI. I don't live anywhere near the universe that uberwealthy occupy, though.
This is literally people buying hot air, hoping that hot air will make them superrich one day
Yes, they mean optimism among investors.
It does seem like there’s a big dichotomy emerging between those who are in the #AI industry and/or investing in it and many on the outside who are skeptical or outright hostile.
And some (many?) of the people investing in it may be motivated by a desire to ride what’s proven to be a remarkably enduring market trend rather than any real conviction about AI.
NYT newsletter (free) has an interesting piece about attitudes to AI this morning.
Quote from it: “Technological change can be unsettling. Industrialization brought a moral panic. Telegraphs, radio, telephones and TV were hard to swallow. The internet has been polarizing, too. But artificial intelligence has brought a whole new level of fear and loathing.”
Can't get enough of people who say its all unwarranted doomerism and AI won't take away anyone's jobs or won't make a dent in the job market. I think investment in AI is the only reason economy is still chugging along - without it the house of cards would fall apart completely.
Yes. Part of the reason that businesses and investors embrace AI is the argument that it will make businesses more efficient, which in many cases means discarding workers. Bloomberg’s newsletter (not free any more) also says … 🧵
“Ask the best and brightest on Wall Street about 2026, and what you’ll hear is almost universal optimism over artificial intelligence and its revolutionary potential.”