Chat is this good?
this post was submitted on 21 Feb 2026
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Fuck AI
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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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The big problem is, that you can't cut AI out of your portfolio, only businesses. Big businesses have multiple business segments. Cutting such companies out reduces your diversification much more, than just the AI portion of businesses, just because they dabble in AI with 1% of there earnings. This is a fundamental problem with these type of indices/ETFs.
You are basically betting, that you can predict better than other investors, which companies perform good in the future. Historically speaking very few people could do this reliably, and arguably they were just lucky and retired/died before they could loose.
This index is not a good tool to hedge your portfolio against the AI-crash. It's a way to cash in on the anti-ai sentiment. Fonds provider are going to license the name, because they think there are enough people out there, who want to exclude AI from there portfolio for ideological reasons, not because they have a solid financial argument against these businesses.
Not investing in AI can also be an ethics thing, not just because you expect to gain more money
If it’s your money, it’s your call. I'm just a guy on the internet. I tried to cover your response using "ideological reasons".
All i tried doing was to answer the question given "Is this good?". And the answer is: This is neither a prediction for the future of ai nor the inception of a solid financial product, but rather a cash grab based on a currently trending sentiment.
On the one hand, we all know AI is on a bullshit hype train headed straight for a wall.
On the other hand, I've never met anyone I trusted less than anyone associated with Goldman Sachs.
Let me introduce you to Wells Fargo
Honestly given how much of a Cargo Cult the finance industry is, I would expect you could outperform the market and investors far more knowledgable than you simply by refusing to be a fool about AI and get scammed by its hype.
Idk specifics here, but the logic is very sound.
The tacit assumption that troubles me is the idea that the stock market must sooner or later bow to reality in a way that is proportional to its flights of fancy. The basic ideas that underpins value investing, in other words.
Putting it mildly: I don't feel confident that can be relied upon in 21st century US markets.
I can't find it in my trading apps. Happy to look into it.
It's an index, not a product you can buy. You can either replicate it yourself in real shares or wait for some company to make an ETF tracking this index.
It's available exclusively to Goldman customers, created in collaboration with S&P Dow Jones Indices.