Its interesting to see so much investor money chase AI unicorns at the moment. Something tells me many of them might be making the wrong bets.
Its interesting to see so much investor money chase AI unicorns at the moment. Something tells me many of them might be making the wrong bets.
I’m trying to remember the book I was reading. First mover advantage… Only something like 35% of first movers stay in business after two years.
In two years… OpenAI is definitely going to be absorbed by a big company, probably Microsoft. But by that time, Facebook and Google would have had strong contenders ready to go.
What’s the baseline though? If only 10% of non-first movers in a new industry stay in business, being a first mover is still a comparative advantage.
There’s a business phrase about how pioneers usually end up with a bunch of arrows in their back.