The Minutes of Brad Gerstner on ai impact https://minutesof.com/brad-gerstner/on/ai-impact/ Everything Brad Gerstner has said on ai impact: 9 verbatim quotes between September 2023 and February 2026, each with a timestamp and a link to the… en Sun, 30 Aug 2026 16:21:49 +0000 Gerstner explains software stocks fell because AI uncertainty reduced visibility, lowering multiples from 35x https://minutesof.com/q/75766c5d-d8e2-491b-94ff-55a3e5aaff61/ https://minutesof.com/q/75766c5d-d8e2-491b-94ff-55a3e5aaff61/ “Give them 35 times free cash flow because I had that level of predictability. It was like a government bond. It was a sure thing.” — Altimeter Capital Tue, 10 Feb 2026 21:40:23 +0000 ai impact Gerstner explains software stocks previously traded at 35x free cash flow due to bond-like predictability. https://minutesof.com/q/a868d3c3-ab1c-4b55-9cbd-71646ac2beb2/ https://minutesof.com/q/a868d3c3-ab1c-4b55-9cbd-71646ac2beb2/ “Give them 35 times free cash flow because I had that level of predictability. It was like a government bond.” — Altimeter Capital Fri, 06 Feb 2026 21:47:27 +0000 ai impact Gerstner says AI uncertainty has rationally caused investors to discount future cash flows and terminal values https://minutesof.com/q/b1727be3-768a-4412-8f88-ef2843728845/ https://minutesof.com/q/b1727be3-768a-4412-8f88-ef2843728845/ “I can't see as far into the future, so I'm gonna pay less for the terminal value. I'm gonna pay less for those future free cash flows.” — Altimeter Capital Fri, 06 Feb 2026 21:47:27 +0000 ai impact Gerstner says software valuations only recover when companies prove they are AI beneficiaries through revenue https://minutesof.com/q/182f0ca9-fc80-49b2-876b-62df8150996f/ https://minutesof.com/q/182f0ca9-fc80-49b2-876b-62df8150996f/ “So the only way that reverses, Scott, is those companies have to accelerate their core revenues and show that they are beneficiaries of AI.” — Altimeter Capital Fri, 06 Feb 2026 21:47:27 +0000 ai impact Gerstner describes exponential AI change creating fog of war where investors cannot predict 35 years of cash f https://minutesof.com/q/d92352fb-403c-4898-93c3-57c399f3774a/ https://minutesof.com/q/d92352fb-403c-4898-93c3-57c399f3774a/ “Fog of war. I can't predict thirty five years into the future of those free cash flows, so I have to pull it in a little bit.” — Altimeter Capital Fri, 06 Feb 2026 21:47:27 +0000 ai impact Gerstner notes 70% of current jobs didn't exist in 1940 to illustrate technology's job creation. https://minutesof.com/q/998a9eb2-da95-41e7-bbf1-27e99f0149b0/ https://minutesof.com/q/998a9eb2-da95-41e7-bbf1-27e99f0149b0/ “70% of the jobs that exist today did not exist in 1940. Okay? So we have to evolve and we have to expand.” — Bloomberg Live Thu, 05 Jun 2025 09:44:40 +0000 ai impact Gerstner reports organic search traffic down 20-40% as companies push AI-embedded answers above traditional re https://minutesof.com/q/6ed4d5f1-0a53-494c-ad8b-9ea2367106c4/ https://minutesof.com/q/6ed4d5f1-0a53-494c-ad8b-9ea2367106c4/ “They're saying organic search is down 20 to 40%. Why? Because they're putting AI on top of it. They got to push it down the page.” — Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 ai impact Gerstner observes companies can now cut tens of thousands of employees while increasing customer satisfaction, https://minutesof.com/q/98b41d86-0707-4d67-8d91-cbd20f9a1d74/ https://minutesof.com/q/98b41d86-0707-4d67-8d91-cbd20f9a1d74/ “Never have has he seen or have I seen the ability for companies to take out 10,000 people and actually see customer satisfaction scores increase.” — BG2 Pod Thu, 31 Oct 2024 17:46:51 +0000 ai impact Gerstner predicted in 2018 that AI's impact would exceed the internet's, a year after the transformer model. https://minutesof.com/q/7054fcb4-5aa6-4cc6-aef2-428000bd6d50/ https://minutesof.com/q/7054fcb4-5aa6-4cc6-aef2-428000bd6d50/ “And at that event, in 2018, I said, and this was a year after the transformer model, that the impact would be greater than the Internet itself.” — CNBC Television Thu, 28 Sep 2023 19:10:17 +0000 ai impact