OpenAI’s Board, Paraphrased: ‘To Succeed, All We Need Is Unimaginable Sums of Money’

And I guess I don’t understand why anyone expects AI to make highly profitable quasi-monopolies even more profitable. How much bigger can the market for Office or Google search get? I understand that these companies feel the need to invest in AI for defensive purposes, to fend off potential competitors. But this need should if anything make them le... See more

But despite these concerns and constraints, we still see room for the AI theme to run, either because AI starts to deliver on its promise, or because bubbles take a long time to burst.