Overnight, the US stock market suffered its worst crash since 2020. Well-known private equity investor But Bin wrote on social media: Waking up to a sea of "blood and carnage" in US stocks, the market appears to be pricing in the Democratic Party's draft "Prohibiting Artificial Superintelligence Act" ahead of time. But based on common sense, the probability of such a bill actually taking effect is very low. He asked a friend in the US, whose view was as follows: "This is more of a headline gimmick. US lawmakers introduce thousands of bills every year, and the vast majority ultimately fail to pass. A proposal and enacted legislation are completely different things. An open society is like a free market — all kinds of views can be brought out for public debate and full competition, ultimately tested by facts, logic, and practice..."
This decline feels as shocking as when the trade war hit back then. At that time, many people thought the US was finished; now many voices think AI is finished. It can be acknowledged that this is a temporary shock, but to conclude from this that the AI era is over — I believe the probability is extremely small.
When it comes to investing, the key is to distinguish between thematic hype and confirmed policy implementation. AI's long-term industrial trend will not be easily rewritten by one radical proposal; it's just that short-term market sentiment is always easily swayed by eye-catching news.
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