Paradigm Shifts and the Winner's Curse

4 mooreds 1 8/12/2025, 10:03:40 PM stratechery.com ↗

Comments (1)

PaulHoule · 17h ago
Kinda want to pick nits even thought it might not be fair, for instance there is the Steve Jobs quote "...There was a PC before the Mac" for which I want to reply, "Yeah, the Apple ]["

I feel Meta doesn't get taken seriously enough, as the Meta-Google access provides a lot of services, not least the social networking but also things like Gmail, that could otherwise be provisioned out of AWS.

Social network, advertising and such all have two-sided markets that lead to monopoly profits. AI doesn't seem to have a natural monopoly, I mean, GPT-5 is fine and all but there are so many LLMs these days that are as good or almost as good and I'm certain something better, cheaper or both better or cheaper gets announced in a few months, and, like DeepSeek, it will be an event that predictably leaves people blindsided.