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Illiquid
@illyquid
FundaAI. Also writes about the AI value chain at Collyer Bridge.
Joined July 2024
673 Following    17.9K Followers
A grey rhino risk is a highly probable, high-impact threat that is headed right at you—yet is routinely ignored or neglected. Recent crypto hack was a grey rhino risk. What else? Urban real estate might be vulnerable to AI-driven workforce changes. Though it might take a few years, falling demand for entry- and mid-level white-collar work would reduce demand for office space and housing in areas preferred by new graduates. Research from the Stanford Digital Economy Lab shows that while there is no evidence of widespread, economy-wide job displacement from AI, young workers are experiencing a distinct hiring squeeze.
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These are all “gray rhino” risks—obvious threats that the market continues to underappreciate. Everyone knows ChatGPT will have an impact on Google, but amid the focus on what has happened over the past year, that threat has been overlooked. Meta, too, has spent years laying the groundwork to improve its performance in historically weaker verticals.
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