3 ms·
So much for "Monopolies get lazy, they just rent seek and don't innovate"
by FergusArgyll 10mo ago
So much for "Monopolies get lazy, they just rent seek and don't innovate"
- concinds 10mo agoThe LLM market has no moats so no one "feels" like a monopoly, rightfully.
- NitpickLawyer 10mo agoAlso so much for the "wall, stagnation, no more data" folks. Womp womp.
- deskamess 10mo agoMonopolies and wanna-be monopolies on the AI-train are running for their lives. They have to innovate to be the last one standing (or second last) - in their mind.
- incrudible 10mo agoLLMs are a big threat to their search engine revenue, so whatever monopoly Google may have had does not exist anymore.
- jonathan_h 10mo ago"Monopolies get lazy, they just rent seek and don't innovate" I think part of what enables a monopoly is absence of meaningful competition, regardless of how that's achieved -- significant moat, by law or regulation, etc. I don't know to what extent Google has been rent-seeking and not innovating, but Google doesn't have the luxury to rent-seek any longer.