Rob May, GP @ Half Court
Silicon Valley's AGI bet frames AI as a zero-marginal-cost software monopoly, but Wall Street's capex-focused view is more accurate: AI is a capital-intensive utility with falling unit prices, commoditizing models, and value accruing to those controlling constraints and workflows, not frontier labs.
Read the full post on Investing in AI ↗
Topics: AI (Horizontal) · Venture Capital & Startups
Published by Investing in AI · their site ↗
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