This week, Byrne Hobart and Erik Torenberg discuss the transformative impact of technological change on global trade, AI’s disruption of senior roles, the debate over AI-generated art, and market dynamics—particularly in live entertainment ticketing—offering a wide-ranging and thought-provoking discussion.---🙏 Help shape our show by taking our quick listener survey at <a href="https://bit.ly/TurpentinePulse">https://bit.ly/TurpentinePulse</a>.---Highlights from the Episode:<ul>
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US-China Trade Relations: There's an interesting role reversal where China is now championing free trade while the US has become more protectionist.</li>
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China's Economic Challenges: Demographics are a crucial factor affecting China's economy - an aging population creates financial imbalances.</li>
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AI's Impact on Work Hierarchy: Contrary to common assumptions, AI might replace senior rather than junior roles. While AI isn't a perfect substitute for mentorship, it provides "synthetic wisdom" without requiring equity stakes.</li>
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StubHub and Pricing Dynamics: Entertainment businesses operate as "stacks of monopolies" (artists, venues) monetizing layers of perfect competition.</li>
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AI-Generated Art ("Ghibli-fication"): The massive popularity of Studio Ghibli-style AI image generation demonstrated unexpected demand for AI services.</li>
</ul>--SPONSORS:NetSuiteMore than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: <a href="https://netsuite.com/102">https://netsuite.com/102</a>---LINKS:Byrne’s writing: <a href="https://thediff.co/">https://thediff.co</a>---X / TWITTER:<a href="https://twitter.com/ByrneHobart">https://twitter.com/ByrneHobart</a> (Byrne)<a href="https://twitter.com/TurpentineMedia">https://twitter.com/TurpentineMedia</a> (Turpentine)

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E68: Chinese Free Trade, AI Managers, and Why AI Art is Art

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