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Silicon is the new gasoline and AI is the Ford Model T. Except, AI is much easier for new players to enter and manufacture than the Model T ever was. We've alr

Silicon is the new gasoline and AI is the Ford Model T. Except, AI is much easier for new players to enter and manufacture than the Model T ever was. We've already seen this with the fearsome market pressure people are putting on the current market leader, OpenAI, despite their sizeable first mover advantage. In that sense, and only in that sense, do I think AI is a "bubble". Prices are going to fall very quickly as this technology weaves its way into every firm imaginable. Everyone else who finds a way to put AI to use productively moving atoms around, meanwhile, really will see their stock valuations explode.

hnfong 3y ago
> Except, AI is much easier for new players to enter What are you talking about? There's exactly one company that makes the machines that makes the AI chips. There's exactly one company that operates the machines that makes the AI chips. There's exactly one company (or two?) that makes the AI chips (which are feasible for training). And the most powerful governments in the world are worried about these monopolies causing geopolitical/national security problems, and they pretty much can't do anything about the situation in the short term. And to be eligible as a player you'll need hundreds of millions of dollars of funding to buy the hardware. I don't have the numbers, but I'm pretty sure opening a car manufacturing factory 100 years ago didn't involve that much upfront capital, even accounting for inflation.