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Another question: If AI is going to eat up everyone's jobs, how will any business be safe from a new competitor showing up and unseating them off their throne?
by untrust 1y ago
Another question: If AI is going to eat up everyone's jobs, how will any business be safe from a new competitor showing up and unseating them off their throne? I don't think that the low level peons would be the only ones at stake as a company could be easily outcompeted as well since AI could conceivably outperform or replace any existing product anyways.
I guess funding for processing power and physical machinery to run the AI backing a product would be the biggest barrier to entry?
- layer8 1y agoInstitutional knowledge is key here. Third parties can’t replicate it quickly just by using AI.
- lubujackson 1y agoLuckily we are firing all those people so they will be available for new roles. This feels a lot like the dot boom/dot bust era where a lot of new companies are going to sprout up from the ashes of all this disruption.
- floatrock 1y agoAlso: network effects, inertia, cornering the market enough to make incumbents uneconomical, regulatory capture... AI certainly will increase competition in some areas, but there are countless examples where being the best at something doesn't make you the leader.
- zhobbs 1y agoYeah this will likely lead to margin compression. The best companies will be fine though, as brand and existing distribution is a huge moat.
- JKCalhoun 1y agoThe beginning of the AI Wars?