Sam Jacobs says the argument that certain legacy companies have lost leverage and need to rethink their strategy sounds valid to him, but the argument that the technology represents a fundamental existential risk to white-collar work has no precedent. Asad Zaman agrees, saying he does not believe in that risk yet and does not want to react to any one quick thing.

“My point is the argument that certain legacy companies have lost leverage and need to rethink their strategy in the wake of this new technology, that sounds valid to me.”

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