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I doubt it. Competitive markets mostly work and inefficiencies are opportunities for other players. And AI is full of glaring inefficiencies.
by jstummbillig 2y ago
I doubt it. Competitive markets mostly work and inefficiencies are opportunities for other players. And AI is full of glaring inefficiencies.
- Animats 2y agoInefficiency can create a moat. If you can charge a lot for your product, you have ample cash for advertising, marketing, and lobbying, and can come out with many product variants. If you're the lowest cost producer, you don't have the margins to do that. The current US auto industry is an example of that strategy. So is the current iPhone.