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Are We the Commodities Now?
Artificial intelligence has just taken a wild leap, folks! According to Goldman Sachs CEO David Solomon, AI can now whip up a whopping 95% of an IPO prospectus in just a matter of minutesātalk about a productivity boost! Remember when it used to take a whole team of Ivy League grads two weeks to craft those dense documents? Well, now itās all about that last 5% that really counts, because the rest is becoming a commodity. And hereās the kicker: we might just be the commodities Solomon is referring to! So, whatās our game plan moving forward? As Stephen King once said, āGet busy living or get busy dying.ā Letās dive into this crazy world of AI and figure out how we can thrive in itābecause weāre not going down without a fight!
Takeaways:
- David Solomon of Goldman Sachs revealed AI can now draft 95% of IPO prospectuses in no time, which is mind-blowing!
- Previously, writing an IPO prospectus required a six-person team weeks to complete, but now it's a breeze with AI.
- The shocking reality is that AI has commoditized most of the document creation process, leaving only 5% truly unique.
- Solomon's statement emphasizes that we, the workers, are becoming the commodities in a fast-evolving job market.
- In light of these changes, we should take Stephen King's advice: 'Get busy living or get busy dying.'
- This podcast episode encourages us to think about how we can adapt and thrive in an AI-driven world.
Links referenced in this episode:
Companies mentioned in this episode:
- Goldman Sachs
Transcript
The last 5% this is commentary from James A.
Speaker A:Brown Goldman Sachs CEO David Solomon told an AI conference that artificial intelligence can now draft 95% of an IPO prospectus in minutes.
Speaker A:These dense scrutinized documents used to take a six person team of mostly Ivy League grads two weeks to write less than a year ago.
Speaker A:Now, hours, maybe minutes of corrections and as startling as that is, is what Solomon said next that really punched me.
Speaker A:The last 5% now matters because the rest is now a commodity.
Speaker A:My first thought Holy crap.
Speaker A:But mostly I was left thinking about you and me.
Speaker A:We're the commodity that Solomon was talking about so coldly.
Speaker A:It's clear the wolf will be at many of our white collared doors soon enough.
Speaker A:So what should we do about all this?
Speaker A:For me, I think Stephen King said it best.
Speaker A:Oddly enough.
Speaker A:Get busy living or get busy dying.
Speaker A:What do you think?
Speaker A:What should we do?
Speaker A:Let me know in the comments and check out more@jamesabrown.net on that note, I'm J A Brown and as always, be well.
