Well... companies who are laying off people on account of AI are telling markets that their chief value is NOT "innovation", it has been drudgery automation.

A company that prizes actually making customer lives better (i.e. "innovation") will salivate at the prospect of having ten of ten people, each using the Drudgery Automator, being creative using all that drugery-free time to actually touch grass with their customers and ship overnight value (i.e. actually, progressively, make things better for customers) and then improve it at a pace that blows minds (i.e. actually happy customers).

An company who's business is in fact about drudgery automation will kneecap itself by letting go nine of the ten.

Long/Short stocks accordingly.