The debate surrounds whether AI will create net new value like the internet did, benefitting various companies, or if it will resemble the mobile industry where Apple and Google capture the majority of the value. There is uncertainty about where AI falls on this spectrum, with some suggesting it leans towards mobile due to challenges for existing large players like Google. However, Google with its vast training data from YouTube is seen as likely to adapt and succeed eventually, akin to the Americans in World War II making the right decision at the end despite initial setbacks.

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