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Ray Dalio is quoted saying that AI won't even be a good investment but because it's a national security issue the country should fund it. Capitalism won't be sufficient, he actually says.
Jamie Dimon said something similar about tariffs.
These guys used to be sociopathically, and damagingly, focused only on short term profits. Now they care only about power - they are willing to lose lots of money to get it.
That will distort financial markets.