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Carson Block

πŸ‘€ Speaker
364 total appearances
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Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So I think you're much more effective having the client

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

running the discovery in Claude and querying Claude, at least to make your arguments.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

And that will save innumerable billable hours.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So that's a profession that I think is going to shrink significantly in the coming several years.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

And that's a very highly paid profession.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

Yeah, but that's – I haven't seen businesses really think too long-term about, you know, for a long time, right?

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

I mean, everybody's focused on, you know, how much am I going to make this year?

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

Maybe they're thinking next year.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So – and the problem, you know, look, one of the pushbacks to –

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

this idea that you're going to see the level of labor displacements that I think you're going to see is that, oh, well, the adoption curve, technologies are never adopted at the rate at which they could theoretically be adopted.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

And yeah, that's true.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

But the thing here is that the cost savings

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

for the providers of these services, the cost savings are going to be so significant, they're going to be able to massively underprice their competitors.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So it's going to be an existential problem for businesses that don't take advantage of this technology and reduce their cost and pricing structures accordingly.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So that's why I think that the adoption curve argument here

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So it's not yet.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

A couple of things.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

Yeah.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

Well, all right.

Merryn Talks Money
Carson Block: AI Could Trigger the Next Financial Crisis

So the current generation of these models, which was released in January, February, was the first, this is the first generation where it's, you know, I said, these are not idiotic.