I have been reading a lot about computing revolution in 60s/70s. Seeing a lot of parallels to today. A bunch of enterprises spent millions on these IBM/DEC machines but didn't see any ROI. But then a lot of consulting and product companies popped up to help with that.
IBM/DEC had crazy high margins during this time (similar to Nvidia/micron etc) but all withered away eventually. In the end the software companies (Microsoft, Google etc.) captured most of the value, what's the equivalent of that for AI?
Comments
silverFork•20m ago
Well the cheap and dinky but yet accessible won over complex and expensive. Then they all learned to be cheap and then extract the cash some other way; ads became the money generator over functionality; they started to look at whatever industry that can make money using internet and sucking it all.
Ai premise is that it will be replacing costly labor or maybe something else will emerge but whatever that shows any new way of making money. The same old companies are all looking like hawks to steal any business that will make money out of Ai. Who has the most cash, will buy it or copy it. They will all so the same thing and my guess is that they will compete for the same and add new industries to extract cash from them.
silverFork•20m ago
Ai premise is that it will be replacing costly labor or maybe something else will emerge but whatever that shows any new way of making money. The same old companies are all looking like hawks to steal any business that will make money out of Ai. Who has the most cash, will buy it or copy it. They will all so the same thing and my guess is that they will compete for the same and add new industries to extract cash from them.