Basically most investors are herd animals. Right now the narrative in SV is that big companies will take all the gains. We are following normal trajectories he

Basically most investors are herd animals. Right now the narrative in SV is that big companies will take all the gains. We are following normal trajectories here - we are in the skeuromorphic phase where we adapt things form one system to another - X, but with AI. Think early iphone - tape recorder , notebook, compass. Those phases tend to benefit agile incumbents with tech companies generally are. Next comes the phase where we make use of the technology in a native way, new products, etc. That’s where you ought to be investing. The second issue is that the user interface is captured by rent seeking incumbents. Many investors want to be that and are disappointed by anything that doesn’t open that opportunity. Crypto had it for them because you’d cut out the bank incumbents. AI is gonna live on platforms we already choose, so not as exciting.