I actually find it hard to understand how the market is supposed to react if the AI capabilities does surpass all humans in all domains. It's first of all not clear such a scenario leads to runaway wealth for a few, even though with no outside events that may be the outcome. However, such scenarios are so unsustainable and catastrophic it's hard to imagine there are no catastrophic reactions to it. How is the market supposed to react if there's a large chance of market collapse and also a large chance of runaway wealth creation? Besides the point that in an economy where AI surpass humans the demands of the market will shift drastically too. Which I also think is underrepresented in predictions, which is the induced demand of AI-replaced labor and the potential for entire industries to be decimated by secondary effects instead of direct AI competition/replacement at labor scale.

Agreed, if the author truly thinks the markets are wrong about AI, he should at least let us know what kind of bets he’s making to profit from it. Otherwise the article is just handwaving.