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Embrace Competition and Innovation
Competition can actually benefit a concept or product by expanding the market and driving innovation. Even if larger companies adopt the same idea, there is an opportunity for smaller businesses to capitalize on improvements and different approaches. The future may see a rise in billion-dollar businesses focusing on AI memories and data collection. However, it is crucial for consumers to be cautious about where and how they store personal data. The speaker also contemplates personal uses for recording technology in emotional or impactful situations.