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AI winner to tech it all


The largely artificial intelligence (AI)-driven tech rally has investors focusing purely on a glorious future and ignoring the economic freight train that is about to slam into earnings…. Let me show you why AI truly is the future of technology, the economy and money itself….

Studies show that AI could boost long-term productivity, wage growth and economic growth by 2-3%. AI needs lots of data to be trained on. The companies that dominate big data have a major advantage in AI because of data network effects. Whoever attracts the most search users (Google) has the most data to perfect its search functionality. Machine-learning algorithms keep improving themselves using more data than their rivals…. For all the complaints about social media, Meta has 4 of the 7 most popular social media platforms.

ChatGPT went from no users to almost 2 billion in five months. It’s potentially on track to hit 3.4 billion users by the year-end. In other words, analysts think that after 24 years, Meta’s platforms will peak at 3.3 billion users. After one year, ChatGPT might achieve a larger user base.

Since ChatGPT was launched in November, Google’s market share in global search went from 92% to 93%. ChatGPT has thus far not made a dent in Google’s dominance. And, what do Amazon, Google and Microsoft have that Meta doesn’t? They are the kings of the global cloud….

From ‘Google Vs Meta: One Could Dominate the Future of Everything’, Seeking Alpha



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