Thinking through AI as the next new platform opportunity - Version One
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The most important question is how much value the underlying platform will keep for itself. History has shown that most platforms extract the bulk of the value for themselves, leaving only crumbs for the companies and developers building on top of the platform. However, there is a good chance that s
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- The most important question is how much value the underlying platform will keep for itself. History has shown that most platforms extract the bulk of the value for themselves, leaving only crumbs for the companies and developers building on top of the platform.
- However, there is a good chance that several companies will offer similar AI platforms…in the same way that cloud computing is divided up between AWS (Amazon), Azure (Microsoft) and GCP (Google).
- OpenAI (with Microsoft as a partner), Google and Facebook are leading contenders to play an important role.
- Competition between these three companies (and potentially more) should limit a single company’s potential to maximize profits at the expense of companies building on top.
- The second question is who will capture most of the new value being generated: incumbents or start-ups?
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