Early thinking was this might be an ‘extending innovation’ meaning it might favor incumbents. We have at least one new major firm out of the initial boom, with

Early thinking was this might be an ‘extending innovation’ meaning it might favor incumbents. We have at least one new major firm out of the initial boom, with bright prospects, and huge cash burn, but a TON of customers. The tools are so general right now, there’s a lot to be written. It seems certain that we’ll get cost savings, automation, and almost certain that we’ll get new revenue streams out of this — whoever figures out how to get new revenue that’s not based on SAAS model delivery of cost savings is going to be very happy. To keep the long view, the last time we had such broad individual mass market adoption of a technical tool regardless of corporate bans and rules was the iPhone, before that, probably Linux in IT departments in the 1990s. People WANT and NEED these LLMs for a lot of daily work. Some folks are going to figure out the business models and make some venture funds very happy.