Impact of AI on Valuation and Alphabet's Potential

The impact of AI on business and the economy is yet to peak, but the peak valuation for open AI has likely been reached. The current $90 billion valuation for open AI reflects forward-looking promise, but the performance may not live up to the hype in 2024. On the other hand, Alphabet is poised for growth due to its access to proprietary data and the potential applications of AI. Additionally, YouTube's rapid growth and ability to attract young male audiences make it a strong asset for Alphabet. Alphabet's dominance in search and the growth potential of YouTube position it well to benefit from the AI-inspired market growth that it has somewhat missed out on so far.