"Thinking through AI as the next new platform opportunity - Version One: Aims > goals: How to trust your own word in times of uncertainty"

"Thinking through AI as the next new platform opportunity - Version One: Aims > goals: How to trust your own word in times of uncertainty"

In the rapidly evolving technological landscape, AI has emerged as the next new platform opportunity. As companies and developers look to build on top of AI platforms, there are crucial questions to consider. One of the most important questions is how much value the underlying platform will keep for itself. History has shown that platforms often extract the bulk of the value, leaving only crumbs for those building on top. However, with the rise of multiple AI platforms, such as OpenAI, Google, and Facebook, competition may limit a single company's potential to maximize profits at the expense of others.

Another question that arises is who will capture the most value being generated: incumbents or start-ups? Incumbents, with their unique data sets, large user bases, and strong balance sheets, may have an edge, especially on the consumer side. However, there is an opportunity for start-ups to create more value in enterprise software with vertical-specific AI products. By designing interaction models that minimize friction and risk, incorporating proprietary data into AI systems, and addressing regulatory and privacy constraints, start-ups can differentiate themselves and offer valuable solutions to their customers.

While uncertainty can often trigger negative emotions and stress, it is also a creative principle. The Greeks believed that everything originated from chaos, and embracing uncertainty can lead to neuroplasticity. Our natural response to an unclear future is often rigidity, seeking control through new systems, routines, and productivity tools. However, these are merely illusions of control. Instead of focusing on the illusion, we can view uncertainty as a window of opportunity and shift our mindset towards evaluating actions that move us in the right direction.

By focusing on our output and understanding which small actions align with our long-term aspirations, we can navigate uncertainty more effectively. It's important to remember that the journey itself is valuable, and the aim becomes the goal. Cultivating self-efficacy, the belief in our own capacity to act, is crucial in handling uncertainty in a healthy way. Rather than relying on external resources like books or courses, we can tap into our own internal source to fight uncertainty.

In conclusion, as AI platforms become the next frontier, it is essential to consider the distribution of value and the opportunities for both incumbents and start-ups. Additionally, embracing uncertainty and focusing on our output can lead to greater success in navigating the ever-changing landscape. To thrive in this environment, here are three actionable pieces of advice:

1. Differentiate with unique data: Whether it's original datasets or data from feedback loops, incorporating unique data into AI products can set you apart from the competition.

2. Design for minimal friction and risk: By creating interaction models that allow for the easy involvement of humans when needed, you can minimize friction and mitigate potential risks.

3. Address regulatory and privacy constraints: Protecting your brand and ensuring compliance with regulations is crucial in the AI space. By proactively addressing these constraints, you can build trust with your customers and stakeholders.

By following these pieces of advice, you can position yourself for success in the AI platform opportunity while navigating uncertainty with confidence.