Here’s what Kushner wroteto Thrive’s investors about the strategy last week: “Most of our time is spent thinking about the first-order consequences of AI. What becomes more efficient? What becomes cheaper? What becomes automated? What new products become possible? But there will also be second- and third-order consequences. In a world of abundant intelligence, certain scarce human experiences may matter more. In a world of fragmented distribution, trusted institutions may matter more. In a world where content and software become easier to create, assets rooted in identity, culture, community, history and physical experience may become more valuable.” The letter doesn’t directly mention the Lakers, but that’s what he’s talking about. Kushner believes sports provides an economic opportunity expressly because it’s relatively insulated by the potential volatility and upheaval that’s coming from the bulk of his portfolio.
This article originally appeared on Hoops Hype: The letter doesn’t directly mention the Lakers, but …
Leave a Comment