No. of Recommendations: 9
I just read this in an interview (translated from German) and find the last sentence remarkable (bold by me), as this is usually overlooked in the standard discussions of "Will those gigantic investments be profitable?" which are generalising over all those companies:
.....Why should there be ten major AI companies? This business has all the makings of a monopoly. Ultimately, the best algorithm wins out—just as Google prevailed in search. The prize for the winner may be gigantic—fair enough. But the others will see their value approach zero. Consequently, the overall cost is too high, because every company is valued as if it were the monopolist that survives......
