Financial optimism is winning
Financial optimism has returned to tech investing after a period of pessimism, characterized by major companies focusing on buybacks instead of innovation. Tech commentator Kevin Kelly argues that today's investments are hopeful acts that prioritize future benefits over immediate gains—true investment rather than mere trading. We are witnessing a resurgence in large-scale projects, such as space-based data centers and advanced chip fabrication plants. Kelly believes that optimistic investors are critical for progress, noting that the outcomes of AI will free humans from unwanted jobs and introduce new services. He posits that having a grand vision for tackling significant global challenges is essential in this era, urging for a collective belief in our ability to create substantial solutions. As we reflect on past infrastructure built by earlier generations, we must also aspire to act as responsible ancestors for future generations by investing with a long-term perspective.
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