Bridger PenningtonFund Launch & Investment Expert

Technology is Deflationary to the Economy

1 Sept 2023 · 0 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "Technology is Deflationary to the Economy" (created 2023-09-01) containing a short talk/presentation in which the (unnamed) speaker discusses how the convergence of multiple technologies—5G, chip manufacturing, robotics, AI, and blockchain—is driving an explosion of startups and producing deflationary effects on the economy.

Technology is one of the most deflationary things in the entire economy, which we are seeing an explosion of technology right now. And pretty much they call it the convergence of technology. So you have— it's not just that one technology is blowing up. We have like 10 technologies converging right now. We have 5G, we have chip manufacturing, we have robotics, we have AI, we have blockchain. They're all converging together. And what's producing is these really cool startups that are coming out, which again are very deflationary.