Agree. You would have to keep up with changes in the space, and accept the possibility that you even if you're right about it strategically, you aren't able to

Agree. You would have to keep up with changes in the space, and accept the possibility that you even if you're right about it strategically, you aren't able to make the appropriate bet, because e.g. the company that succeeds is private. However, you could try to think about ways to hedge that risk, by thinking about who benefits in ancillary ways. E.g. for instance, which firms are likely to benefit most from AI labor substitution (whether developed in house or not). There are no certainties here, of course.