I would encourage EAs to go even further against the EMH than buying AI stocks. EAs have been ahead of the curve on lots of things, so we should be able to make even better returns elsewhere, especially given how crowded AI is now. It’s worth looking at the track record of the HSEACA investing group[1], but, briefly, I have had 2 cryptos that I learnt about in there in the last couple of years go up 1000x and 200x respectively (realising 100x and 50x gains respectively, so far in the case of the second). Lots of people also made big money shorting stock markets before the Covid crash, and there have been various other highly profitable plays, and promising non-AI start-ups posted about. There are plenty of other opportunities out there that are better than investing in AI, even from a purely financial perspective. More EAs should be spending time seeking them out, rather than investing in ethically questionable companies that go against their mission to prevent x-risk, and are very unlikely to provide significant profits that are actually usable before the companies they come from cause doom, or collapse in value from being regulated to prevent doom.
I would encourage EAs to go even further against the EMH than buying AI stocks. EAs have been ahead of the curve on lots of things, so we should be able to make even better returns elsewhere, especially given how crowded AI is now. It’s worth looking at the track record of the HSEACA investing group[1], but, briefly, I have had 2 cryptos that I learnt about in there in the last couple of years go up 1000x and 200x respectively (realising 100x and 50x gains respectively, so far in the case of the second). Lots of people also made big money shorting stock markets before the Covid crash, and there have been various other highly profitable plays, and promising non-AI start-ups posted about. There are plenty of other opportunities out there that are better than investing in AI, even from a purely financial perspective. More EAs should be spending time seeking them out, rather than investing in ethically questionable companies that go against their mission to prevent x-risk, and are very unlikely to provide significant profits that are actually usable before the companies they come from cause doom, or collapse in value from being regulated to prevent doom.
Would actually be great if someone did an analysis of this sometime!