“We didn’t have something great but we had something useable.” -Deirdre Bosa.
The above quote is exactly why tech companies are clawing for market share, and dumping billions, and at some point trillions of dollars into ai capex. Also known as artificial intelligence capital expenditures. When you give users the ability to feel like they are on the brink of making or being a part of history, they will instantaneously spread the word. A few ways users do this is through actions. Whether it’s buying shares of the companies, to help fund further growth, or becoming tech savvy enough to use the product.
Just because you make an app, doesn’t mean it’s any good. Just because you can launch a website doesn’t mean you understand how to code. This is also the problem. Users not willing to learn how the technology works by way of tech companies removing the requirement to code or think critically about how to sustain the technology or the products being built. Yet and still you need someone or at this point something (an LLM or software developer) to code your technological idea, or at best, host it. This is why top companies within the tech sector are doing everything in their power to fund this technology.
Because it ultimately means that damn near any and every single person in the world will have the ability to create an app, and or develop their own form of artificial intelligence. What does it look like when tech companies do everything in their power to push a new product? It looks like $2.53 trillion dollars. This is equivalent to the tech sector handing every single person in the world $304.82 (rounding for simplicity). With numbers this staggering you have to wonder what the ROI or return on investment is going to be moving forward?
At $2.53 trillion the sector is likely looking to generate revenue to the tune of over $2 and a half billion per dollar invested in aicapex. I’m sure they’d argue that 10% grow is far too low an estimate. What everyone is currently blind to? The simple fact that growth is never perpetual. It’s far more cyclical than not.
This means that at some point, you need designated bag holders to carry the shit that hits the fan. It’s just fascinating how markets constantly repeat themselves, with intensity or velocity being the only changing variable.
