Robert Wright
Author and podcaster who writes about evolution, psychology, religion and the prospects for global cooperation, now with a focus on AI and how to avert catastro...
“I don't think it's quite tulips. The AI per se is very real, and there's a ton of potential economic value there. But anybody who thinks they have a very clear idea of where the value is going to accrue in the long run, which specific companies, chip companies, AI companies, is more confident of their judgment than I am of mine.”
Doom Debates! · AI Research & Frontier Labs · November 2026
Context
Liron Shapira had noted Nvidia's stock fall and Google's rise. Robert Wright says the emotion in AI assets is high but the technology is real, and he won't pick winners.
Transcript
…But I digress. The models have something to do with it. I don't know. I don't know whether there's, I mean, look, you know, people who sell their NVIDIA stock, but still believe in AI broadly, it got to go somewhere. Google's a plausible place. It could have to do with that. Yeah, you know what?
…business. I think it's undervalued, but it's not 10 to 20%. It's like 5% since the low of earlier this month. So, you know, I don't want to read the tea leaves too hard here. But, you know, at least it's a positive sign. I feel like that's maybe the positiveness of it is correlated, but who knows?
Yeah, and I suspect, I mean, as for the fall in NVIDIA's stock price, I think there's a lot of emotion running through the whole market for AI assets. I mean, on the market, it's like, you know, I don't think it's quite, it's not tulips, you know, the famous example of a run-up. The AI per se is very real, and there's a ton of potential economic value there. But I think anybody who thinks they have a very clear idea of where the value is going to accrue in the long run, which specific companies, chip companies, AI companies, is more confident of their judgment than I am of mine.
I know where it's going to accrue. I think I know where it's going to accrue. My hypothesis is everywhere because I think that we're just going to be supply constrained for the next however many years, five years, 10 years. I think the entire, this is in a non-doom scenario, by the way, which I…
building. Yeah. And I think the risk for people who are heavily invested in AI is that, first of all, I agree with you. Let's assume everything goes well and this technology isn't like massively destabilizing, which I think it will be if it's not governed carefully and ultimately governed…
Yep. All right. Yeah. So that's, you know, that's a developing story. There's so many threads to it. It'll be interesting to see what comes out about the Chinese spying. It'll be interesting to see what Jensen is going to do next. Is he going to try to pull a Sam Altman and seize power again? Is he…
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