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Tech Maturity and What Lies Ahead
"Econ 102" with Noah Smith and Erik Torenberg
Incumbents Over Startups: AI's Economic Landscape
AI is expected to sustain in a manner similar to the mobile platform shift, favoring established companies over startups. While startups like OpenAI may achieve significant valuations, the market will likely be dominated by incumbents, such as Microsoft and Meta, which have already reached astronomical valuations. The growth potential of AI seems to favor these large organizations, indicating a tendency for the largest tech companies to capitalize more effectively than the startup ecosystem.
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