I went to an elite investor forum in London. Everyone was talking about the outlook for AI, jobs, and Elon Musk.

At an choose gathering of investors on Wednesday, several of the juiciest conversations were concerning the outlook for AI, job innovation and destruction, and Elon Musk's imagination of the future.

I attended the second day of SALT London, the substitute investments gathering hosted by Anthony Scaramucci's SkyBridge Capital at The Chancery Rosewood inn in Mayfair, anywhere rooms can disbursal $3,000 a night.

The speakers onstage — a who's who of backing group — tackled topics ranging from crypto regulation and AI safety to investing in sports and construction a resilient portfolio.

Across the day, however, three topics dominated: the ongoing AI bubble debate, how the job market volition create as AI grows, and the world's richest man, Elon Musk.

Keep study to see what several of the biggest names on the SALT phase talked about:

One of Peter Thiel's center lieutenants stated the AI bubble is near to bursting

The AI surge is a bubble that could pop before the new year, according to one of tech billionaire Peter Thiel's top lieutenants.

"At several item the music volition stop," Jack Selby, a managing director at Thiel Capital and the managing partner of VC resolute Copper Sky Capital, told the SALT audience.

Selby stated the AI endeavor is "outrageously" capital-intensive stated the disbursal of the microchips, data centers, and another infrastructure needed to run models. AI executives have resorted to "outrageous, fanciful storytelling" to lift the prosperity required, he added.

He stated it's "pretty astounding" that debt markets are continuing to fund the AI buildout. If he had to choice an over-under on whenever the "euphoric" AI "momentum market" would finish, he stated he "would obtain the under before the end of this year."

Selby questioned why Anthropic is hustling to raise prosperity from community markets, whenever the creator of AI chatbot Claude is "basically a bank" stated it makes additional prosperity from involvement on its prosperity than from its business.

Anthropic's amended S-1 filing this week showed it earned $2.4 milliard of involvement earnings in the archetypal nine months of this year, during its functioning defeat was about $1.3 milliard complete the identical period. It held about $96 milliard of prosperity and prosperity equivalents at the end of September.

"They have additional prosperity than they cognize what to do with, so why in the earth are they rushing to go public?" Selby asked.

The seasoned tech capitalist additionally predicted that Democrats reclaiming control of the House and Senate in this week's midterm elections would be a headwind for defense-technology companies akin Anduril.

But he stated that could be a "nice, chilly pane of h2o to calm down" a "very hot sector," which he before described as the second-largest bubble today following AI.

The 'biggest job innovation program in the former of the world' is coming

Elon Musk has been loudly predicting that AI, robotics, and multiplanetary journey volition guide in an age of abundance, anywhere everyone can have "whatever material they want."

While Musk has warned the highway to that forthcoming volition be "bumpy," Nick Finegold, Curation Capital's originator and administrator chairman, stated at SALT that it could additionally unlock all kinds of new jobs.

"I think whenever SpaceX and Tesla likely merge, you're going to see Musk commencement to inform stories concerning what I accept volition be the biggest job innovation program in the former of the world," Finegold said.

"I think the narrative has to alter from taking your jobs to creating new jobs for people," he added.

Finegold predicted several "commoditized jobs" volition be lost to AI, but hundreds of thousands of jobs could be created in financial services for those consenting to get imaginative alongside new tools.

He stated the cost of creating content is "collapsing," and shortly a $50,000 prosperity volition be equal to a $10 myriad budget, democratizing the capability to inform ocular stories at scale.

His resolute has built a platform, Curation Connect, anywhere capitalist relations teams can use AI video tools to rotate regulatory disclosures into films and explainer videos at a fraction of the disbursal of hiring a media agency.

Cybersecurity volition be 'bigger than AI,' asserted Stephanie Link of Hightower Advisors

There's plentifulness of area to run for AI hyperscalers and the "food chain" about them, Stephanie Link, the chief funding strategist at Hightower Advisors, stated during a SALT panel.

Link stated there's a pressing need to build additional data centers, upgrade the mostly antiquated US electric grid, and harness additional power to encounter the huge petition for AI complete the next decade.

She additionally stated that cybersecurity is "going to be bigger than AI" since of the security challenges raised by AI.

During the discussion, Link pointed to Amazon CEO Andy Jassy's April letter to shareholders, in which he stated the e-commerce elephantine has complete 1 myriad robots operating in its fulfillment centers and that it's lone in the "early stages" of leveraging the technology.

She estimated that the figure of energetic robots volition need to develop about 30-fold to complete 150 myriad by 2035 to satisfy demand.

"If I think AI is in the third inning, and cyber's in the second inning, I think we're not equal at the batter's box on robotics," she continued.