πͺ Friday charts
AI Summary
This newsletter discusses the shift away from AI doomerism, presenting evidence that AI job displacement fears may be overblown while software engineering jobs are actually increasing. It features contrasting viewpoints from AI leaders and presents market data showing software stocks trading at discounted valuations despite strong fundamentals.
Key Facts
Author Takes
AI extinction risk
If AI can't put software engineers out of work, it probably cannot exterminate humanity either
AI doomerism
Dire AI warnings are losing shock value because we've heard them for some time and not much has happened yet
Contrarian Angle
Services-as-Software Market Expansion
Coatue argues shifting from tools to results expands addressable market 25x
Reverses traditional SaaS model by focusing on outcomes rather than tool provision
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