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AI Disruption Real But Fears Overblown

The Australian

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Panic selling in tech stocks presents buying opportunities for quality businesses, according to UBS’ Mark Andersen, and fears of an AI bubble are greatly exaggerated.

Summary

The article explains UBS’s Mark Andersen's view that while AI disruption is genuine, the fears surrounding an AI bubble are exaggerated. It suggests that the panic-driven selling of tech stocks can create buying opportunities for robust businesses. This perspective adds nuance to the discourse on AI's economic impacts, potentially influencing investment strategies rather than directly addressing AI safety risks or governance. There's little focus on existential AI threats or policy measures for catastrophic risk mitigation, more so on calming fears within financial markets.

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AI disruption real but fears overblownPanic selling in tech stocks presents buying opportunities for quality businesses, according to UBS’ Mark Andersen, and fears of an AI bubble are greatly exaggerated. All your news for a great price Unlock this story and more with your subscription Digital What’s included Unlimited access on app & web A digital version of Today’s paper Daily puzzles & Mind Games Complimentary access to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 a week for 4 weeks($4 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $4 charged for a duration of 4 weeks, after which it automatically renews to $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. 12 Month Plan Lock in & save $8 a week for the first 12 months($416 min. cost) charged as $32 every 4 weeks. Then $32 charged every 4 weeks.* *Read the fine print The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Benefits of Full Digital Access Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Unlimited access Expert news and commentary, accessible anytime on web & app. Today’s paper Swipe through the digital newspaper, liftouts, and archive. Newsletters Be in the know with subscriber-exclusive news emails. The Wall Street Journal Enjoy complimentary access to The Wall Street Journal. Mind Games Play daily crosswords, sudoku and more with Mind Games. Subscribe Other subscription options Corporate Subscriptions Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.