Kevin O'Leary believes the AI boom's economic impact is sound, contrasting it with the dot-com bubble. He sees genuine productivity improvements attributed to AI, noting that these benefits are quantifiable in terms of financial savings. O'Leary provides an example of a drone service that offers valuable aerial imagery, which enables companies like Walmart and Home Depot to reduce costs significantly. He suggests that such savings could counterbalance tariffs and uplift stock valuations. Despite initial market shocks due to tariffs, O'Leary posits that long-term investment strategies should remain steady, preventing losses during market fluctuations.
O'Leary emphasized that the AI boom's sustainability is rooted in its measurable productivity gains, which starkly differentiates it from the dot-com bubble.
The investor highlighted the significant savings AI brings to companies, exemplifying with Fly Guys' drone services, which save millions for large commercial enterprises.
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