Just a different point on AI. I don't know what's going to happen to data science. Once there's an ability to plug AI into your database, why would you need a data scientist or a company that provides that service? I don't know what impact this will have on stocks in the future, maybe the wrong place for it. Just interesting / concerning.
Well as of now AI cannot distinguish between correct and BS data... It will just pick from the data base it is given.
Hence why chatgpt still makes some terrible rookie mistakes...
Like as of now you d have to be 100% certain that the data base you are using does not contain any wrong data..
Like especially in the data ingestion and data processing i d argue that humans will still be needed as quality of information cannot be determined by AI..
Further more the data Interpretation/analysis has ben done by "AI" for some time now at the very least partially.
What AI is already pretty strong at and what most people think of when hereing data science is analysing a set of data or a data base...
I m not sure to what degree AI can help with the data storing and processing.
But at least in the data ingestion phase we re still quite a bit away from AI collecting reliable data by itselfe and comming up with usefull analytics.
My guess would be that these companies are still gonna be around maybe just more specialized and one could argue that different AI's could be built for different analysis so that company X could spcialised in analysis X due to their AI while company Y has a better AI to analyze Y. Might also be that they build proprietary data bases so that one company just has better more robust/ less noisy data than another one and thats why you d use their services.
Again i m not an IT guy so this could all be BS but this is how i think it s most likely to play out at least in the short term(10 years) also no idea what stocks would or should profit from this.
But yeah it s gonna be very interesting to see how it plays out. I do think the concerns are a bit overblown atm as chatgpt imho is still far far away from causing any real harm as long as you dot just trust it blindly.