The technology revolution will redistribute wealth, but the wealth will definitely not be given to ordinary participants.
Crypto has indeed created a group of people who have experienced a leap in wealth, but most people are merely catching the wave at the top—getting liquidated, chasing trends.
AI is the same. The people who truly capture incremental value often don’t do so because they happened to catch AI; rather, they already had certain things: technical skills, product capabilities, distribution channels, capital, users, and execution speed.
Crypto has indeed created a group of people who have experienced a leap in wealth, but most people are merely catching the wave at the top—getting liquidated, chasing trends.
AI is the same. The people who truly capture incremental value often don’t do so because they happened to catch AI; rather, they already had certain things: technical skills, product capabilities, distribution channels, capital, users, and execution speed.