"Microsoft and Alphabet stocks have hit record highs following a year of AI hype. " I believe what we are seeing here is simply that investors notice that Micr

"Microsoft and Alphabet stocks have hit record highs following a year of AI hype. " I believe what we are seeing here is simply that investors notice that Microsoft and Google are in such a powerful negotiation position that any value possibly generated by AI in the future will likely be captured by Msft/Goog and not by the actual AI startup inventing the tech. I mean good luck rolling out any kind of enterprise / desktop app without Microsoft's blessing. And is it even possible to build a useful AI assistant without access to the user's data, held hostage within Office 365 or Google Worksuite? You'll already be fully dependent on API access controlled by those monopolists on your launch day. And why wouldn't they charge you something like 90% of your revenue in access fees?