In that paragraph I meant to refer only to the “AI boom”—essentially all the recent LLM stuff. In general I don’t think it matters to the investor whether the possibility of AGI is accounted for in the markets because the benefits of such growth would likely be concentrated in firms that do not yet exist.
The post you linked to also discusses the possibility of trying to use incorrectly priced debt instruments to take capitalize on the potential development of AGI. However, such a strategy is not realizable in practice because you’d need to find a counter-party/lender. At best, you’d end up with a callable debt—not very useful over an extended time horizon.
In that paragraph I meant to refer only to the “AI boom”—essentially all the recent LLM stuff. In general I don’t think it matters to the investor whether the possibility of AGI is accounted for in the markets because the benefits of such growth would likely be concentrated in firms that do not yet exist.
The post you linked to also discusses the possibility of trying to use incorrectly priced debt instruments to take capitalize on the potential development of AGI. However, such a strategy is not realizable in practice because you’d need to find a counter-party/lender. At best, you’d end up with a callable debt—not very useful over an extended time horizon.