Altimeter Capital founder Brad Gerstner discusses the broader economic and labor disruption driven by artificial intelligence.
Assertion Not checkable as stated
Gerstner: ByteDance expects 90% content moderator reduction via AI in next year
“They suspect that they'll see a 90% reduction in content moderators over the course of the next year because that work can be more efficiently and better done by AI.”
Assertion Not checkable as stated
Gerstner: Twitter cut headcount 80% while boosting product releases 70%
“Elon, with the work that he's done at Twitter, right, they reduced headcount by 70, 80%. And the product release cycle is probably gone up by at least 70%, right? It's incredible what they have in the pipeline there, and the fact that they're doing this with, …”
Prediction Not checkable as stated
Gerstner: AI will be bigger and more important than internet, mobile, and cloud
“I think AI, or I like to talk about augmented intelligence, will be more important to humanity. Then the first three super cycles I've lived through, which are internet, mobile, and cloud. I think it'll be bigger, and so I don't buy that thesis.”
Prediction Held up
Gerstner: More compute will be deployed in 2024 than all previous history
“We're gonna deploy more compute in twenty-twenty-four than in all previous years combined.”
Opinion
Gerstner: Microsoft Copilot is the fastest-growing product in company history
“Co-pilot, which has 30,000 beta customers at Microsoft, I think is the fastest growing product in the history of Microsoft.”
Prediction Not checkable as stated
Gerstner: 2024 will bring AI deployments without mass layoffs
“2024 is going to be the year of deployments. We're going to start seeing those gains. You will not see mass layoffs. And then, 20, 25 and beyond, I think you're really gonna see those transformations kick in.”