Tim Stenovec

It's not just with CoreWeave.

It's not just with Microsoft.

It's not just with meta platforms.

This is the existential question that every investor is asking themselves right now.

When will it pay off?

That thesis of the ecosystem is really something that I'm having trouble visualizing right now.

And no matter how much Mark Zuckerberg tries to explain superintelligence to me and to shareholders of the company, I still don't understand what that ultimate payoff looks like, not just for meta platforms, but for the industry in general.

Is this something that will only pay off when there's mass unemployment, so companies don't have to actually pay for people because machines and AI are doing the work?

Is it an increase in productivity?

We all keep our jobs, but we have these little friends, these little helpers who help us do it better.

What is it?

But are you using it at all with your job?

How?

Yes, I was talking about this last week with somebody on our program, and they said they're basically like an intern, these LLMs.

know eager to help out but you really have to check the work to make sure that it's something that can actually go to print that's something that is actually accurate um finally i just want to talk about the overall economic effects of this a lot of what we talk about when it comes to ai the real beneficiaries have been the major companies that we talk about every day on bloomberg tech but when will we start to see

these advancements actually affect the bottom lines and the productivity of companies that are not necessarily tech adjacent so such a great question and it's funny because people are attributing layoffs to ai and i think in part some of those layoffs may come from the need to fund ai but not directly from the productivity benefits from ai yet so in other words companies spending money on ai rather than people and that's why they're making investments there rather than in human capital

Hilary Frisch, Senior Research Analyst at ClearBridge Investments.

Thanks so much for joining us on Bloomberg Tech.

Well, coming up, Grab takes the wheel, investing in a remote driving startup.

Speaking of driving, let's take a quick look at Tesla shares.