The AI Bubble Bears Have A Problem

AI inflection

As Tony P writes, the “agentic revolution is here.” Meta’s Muse marks another inflection in applied AI, with markets wasting little time pricing it.

GS’s Rich Privorotsky sees Muse as only the first of many products bringing capabilities previously reserved for AI super-users to the mass market. As large corporates provide the safety, infrastructure and distribution, adoption could explode. The winners and losers will take time to sort out, but Privorotsky sees the aggregate impact as positive for equities and structurally disinflationary.