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 minutes—talk 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 it’s all about that last 5% that really counts, because the rest is becoming a commodity. And here’s the kicker: we might just be the commodities Solomon is referring to! So, what’s our game plan moving forward? As Stephen King once said, “Get busy living or get busy dying.” Let’s dive into this crazy world of AI and figure out how we can thrive in it—because we’re 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:

• jamesabrown.net

Companies mentioned in this episode:

• Goldman Sachs