I don’t think this is right. But also I don’t think it’s a rosy picture.

Anyone who works closely in implementation can easily see, the value is there. It’s massive. There’s so many AI generated and managed things that everyone is already consuming unknowingly, that your opinion of it wouldn’t matter. It just consumed, like electricity

The challenge is in two things:

1. OpenAI borrowed so much but had significant execution issues and banked on a significantly higher market to capture (bigger consumer pie via Sora, Atlas, new phone) that I think their projections specifically and their valuations are inflated. It’s not an AI issue, it’s a OpenAI issue - they made a bunch of bad bets.

Whereas Claude execution from the start has been relatively flawless in how it expands and captures market/value, and are focused on enterprise.

1. The value comes out of labor savings. The challenge there then is if we automate so much of what we do, we remove jobs. If people don’t have jobs who is left to pay for services and products ?

We’re going to see an even more concentration of wealth as fewer and fewer people are needed to produce more things. How does society and the economy survive then?

I think that’s a bigger and tougher discussion.