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Economy

Some simple economics of AI?

AI lowers the cost of building businesses. But it raises the bar for sustaining advantage. More companies can start. Fewer can dominate. That implies greater dispersion. More volatility. Less structural concentration. A market that rewards adaptability rather than mere size. And it raises the question that follows logically from duration compression: if software moats erode […] The post Some simple economics of AI? appeared first on Marginal REVOLUTION. CommentsIs everyone going to write like...

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