{"id":634456,"date":"2026-07-13T01:41:03","date_gmt":"2026-07-13T01:41:03","guid":{"rendered":"https:\/\/buglecall.org\/?p=634456"},"modified":"2026-07-13T01:41:03","modified_gmt":"2026-07-13T01:41:03","slug":"hedge-fund-cio-we-havent-yet-diffused-ai-across-the-economy-to-the-degree-that-it-can-be-useful","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=634456","title":{"rendered":"Hedge Fund CIO: “We Haven’t Yet Diffused AI Across The Economy To The Degree That It Can Be Useful”"},"content":{"rendered":"

Hedge Fund CIO: “We Haven’t Yet Diffused AI Across The Economy To The Degree That It Can Be Useful”<\/span><\/p>\n

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By Eric Peters, CIO of One River Asset Management<\/em><\/p>\n

\u201cPresident Putin said, \u2018I would love to meet Zelensky in Moscow.\u2019 And I said, \u2018I don’t think…you know, I have to put myself in his position. I don\u2019t know that he\u2019d go to Moscow,\u201d said Trump, seated next to Zelensky in the Oval Office, the two of them discussing Russia\u2019s war on Ukraine. \u201cMaybe he would. Would you go to Moscow?\u201d Trump asked Zelensky, putting him on the spot, cameras snapping away. \u201cIt\u2019s difficult. There are a lot of Ukrainian drones there,\u201d answered Zelensky, unable to suppress a smile. \u201cThat\u2019s right,\u201d said Trump. \u201cIt\u2019s dangerous,\u201d laughed Zelensky.<\/p>\n

Human beings really are the best. We can adapt to the sickest crap. And if we really can\u2019t stop ourselves from killing one another, may as well start joking about it. Iran\u2019s Larijani joked that the IRGC could take Trump out with a micro-drone while sunbathing at Mar-a-Lago<\/strong>. Trump told Fox News that it\u2019s been a long time since he\u2019s been sunbathing, \u201cMaybe I was around 7 or so. I\u2019m not too big into it.\u201d<\/p>\n

It wasn\u2019t long ago that the Iran war seemed like a big deal. It used to be that killing heads of state was taboo. And I can remember when people thought closing Hormuz would spark a global depression. Russia\u2019s biggest industrialist, Andrey Melnichenko, warned of the potential for a horrifying outcome if Russia continues down its self-destructive path. I\u2019m pretty sure he was hinting that Putin might use a tactical nuclear weapon if backed into a corner.<\/p>\n

I first saw a philosophical justification for a preemptive tactical nuke strike 2mths ago [here<\/a>]. Apparently, now that humans have adapted to the doctrine of mutually assured destruction, our thermonuclear nukes have become a bit of a joke, because no one would dare ever use one. The VIX index naturally declined to 15. Which mechanically forces volatility-controlled investment strategies to take more risk. Lifting equity prices. Lowering volatility. Inviting volatility sellers. Just like every other late market cycle. After a while it honestly gets kind of funny.\u00a0<\/strong><\/p>\n

Artificial Intelligence+ <\/strong><\/p>\n

To break dependence on Western technology and drive a new era of growth, in 2024 Beijing explicitly categorized its industrial focus into:<\/p>\n

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  1. Six Future Industries (long-term, frontier technologies) and<\/li>\n
  2. Six Emerging Pillar Industries (near-term economic drivers).<\/li>\n<\/ol>\n

    Then in Aug 2025, Beijing formalized an \u201cArtificial Intelligence+\u201d <\/strong><\/em>initiative, which treats AI as foundational, cross-cutting tech – like electricity or infrastructure – rather than a standalone sector. The initiative emphasizes deep AI integration across The Sixes.\u00a0<\/p>\n

    The Six Future Industries are frontier technologies that Beijing seeks to establish first-mover advantage and dictate global standards over 10yrs. China\u2019s Ministry of Industry and Information Technology established six broad overarching categories (Future Manufacturing, Information, Materials, Energy, Space, Health). These translate into six specific priorities: Embodied Artificial Intelligence, Brain-Computer Interfaces, Quantum Technology, Hydrogen & Nuclear Fusion Energy, Biomanufacturing, and 6G Mobile Communications.\u00a0<\/p>\n

    The Six Emerging Pillar Industries are to drive immediate, massive economic output.<\/p>\n