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> ChatGPT as a brand name You're forgetting the phenomenon of the fast follower or second to market effect. Hydrox and Oreos, Newton and Palm, MySpace and Face
by russellbeattie 3y ago
> ChatGPT as a brand name
You're forgetting the phenomenon of the fast follower or second to market effect. Hydrox and Oreos, Newton and Palm, MySpace and Facebook, etc. Just because you created the market doesn't necessarily mean you will own it long term. Competitors often respond better to customer demand and are more willing to innovate since they have nothing to lose.