Statement on AI risk
SEEKING ALPHA reports: (This is taken from a post headed “OpenAI CEO, others write letter that ...
“Several companies, of which the best-known is Softbank-backed Flexport, have been seeking to use technology to disrupt incumbent profit pools. However, technology is a necessary but not sufficient condition for success, and replicating the logistics capabilities of incumbents will be a long, hard, labor-intensive road.” – Bernstein, 4 April 2023.
In short, the sell-side analysts today argue:
“The best use of productivity-enhancing technology will be in combination with logistics expertise and a broad network of relationships with customers and carriers. Advantage: incumbents.”
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