this post was submitted on 27 Aug 2023
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Its interesting to see so much investor money chase AI unicorns at the moment. Something tells me many of them might be making the wrong bets.

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[–] Potatos_are_not_friends@lemmy.world 3 points 1 year ago (2 children)

I'm trying to remember the book I was reading. First mover advantage... Only something like 35% of first movers stay in business after two years.

In two years... OpenAI is definitely going to be absorbed by a big company, probably Microsoft. But by that time, Facebook and Google would have had strong contenders ready to go.

[–] fresh@sh.itjust.works 3 points 1 year ago

What’s the baseline though? If only 10% of non-first movers in a new industry stay in business, being a first mover is still a comparative advantage.

[–] TheDarkKnight@lemmy.world 2 points 1 year ago

There’s a business phrase about how pioneers usually end up with a bunch of arrows in their back.