How to lose at Generative AI!

In each technology wave the value, revenue, market cap, profits and great people captured by startups versus incumbents differs. In some waves it all goes to startups, while in others it goes to incumbents or is split between them. Unexpectedly, the prior wave of value from AI roughly all went to incumbents over startups, despite a lot of startup a... See more

While many of the prior innovations in AI were striking and exciting (AlexNet, CNNs, RNNs, GANs etc) this time does feel different for a few reasons. There is reason to believe while incumbents should capture a good amount of the value in this wave, startups will take a bigger share of AI generated value this time around.

Sobriety source #2: AI as the next platform shift. Every wave of new companies that transforms their respective industries is fueled by a major platform or technology shift. The advent of the web did this. The smartphone and mobile applications did this. And there is no doubt that AI is our next wave. But does every new wave always necessarily favo... See more