HOW AI MIGHT FORCE US TO RETHINK CAPITALISM with Kevin Brockland | Mike's Curiosity #008

About this Video

• Video Title: HOW AI MIGHT FORCE US TO RETHINK CAPITALISM with Kevin Brockland | Mike's Curiosity #008
• Channel: Mike Helfman's Curiosity
• Speakers: Mike Helfman, Kevin Brockland
• Duration: 02:27:16

Introduction

This podcast episode discusses the potential impact of artificial intelligence (AI) on capitalism and alternative investment strategies. Mike Helfman interviews Kevin Brockland, a venture capitalist, exploring how AI-driven job displacement might shift investment towards tangible assets and reshape economic systems.

Key Takeaways

1. AI's impact on jobs: AI will likely displace many jobs in the coming decades, leading to increased reliance on Universal Basic Income (UBI).
2. Alternative investments: Hard assets like collectibles (whiskey, art, Birkin bags) are predicted to appreciate in value due to AI-driven market predictability and job displacement. The human element in creation makes these assets more valuable in a post-AI world.
3. Southeast Asian startups: A significant opportunity exists in Southeast Asia for B2B tech companies focusing on digitalization of established businesses and leveraging cost advantages for regional and global markets. Many established companies are transitioning generations, creating demand for supporting technologies.
4. AI in retail: AI, particularly image recognition, has applications in automating safety monitoring, preventing downtime, and optimizing retail operations. The integration of AI with IoT devices offers further potential for real-time monitoring and adjustments in physical retail spaces. This could lead to personalized advertising and optimized shelf space allocation.
5. The future of work and human connection: AI will likely automate many tasks, impacting human-to-human interaction in both professional and personal spheres. However, there's a growing need for apps and technologies that foster real-world social connectivity, creating new opportunities for entrepreneurs.