Relatedly: “without the gains of stocks that are possible AI winners, the S&P 500 would now be down 2 per cent this year, rather than up 8 per cent.” https://archive.ph/KFMJU
This might suggest that the gains from AI might be distributed more evenly amongst different Big Tech companies and that economies of scope are more important than relatively small technical leads.
Relatedly: “without the gains of stocks that are possible AI winners, the S&P 500 would now be down 2 per cent this year, rather than up 8 per cent.” https://archive.ph/KFMJU
This might suggest that the gains from AI might be distributed more evenly amongst different Big Tech companies and that economies of scope are more important than relatively small technical leads.