Damus
Jeff Booth · 54w
Mark has found himself particularly proficient at misunderstanding things. Hard to believe how often he gets things wrong. They compete in a free market and if other value is better, they’re force...
Austin profile picture
Is he necessarily disagreeing with that logic? I think he’s saying that the AI-driven products/services will be the NEW competition that forces the OLD products/services to lower prices, increase value, or lose customers as you said. But he doesn’t continue the thought experiment. EVENTUALLY some new competition will come along that enforces the same reality on these AI businesses, right? But will the competition be faced immediately and constantly? Or could there be a prolonged period of these businesses having no need to lower prices because nobody can compete with AI, which I think is what he’s implying?
1
Austin · 54w
nostr:nprofile1qqswsmclk86pud3eudu09csazdg4cl2crhx7wt56x2lmd0f9wxmzv9cprpmhxue69uhhyetvv9unytnyv4hx7um5wghxxmmdqyxhwumn8ghj7mn0wvhxcmmvlc9cph more from Cuban: “If AI is deflationary, every stock market, globally is a short. Do you see all stock markets cratering ? Environmental uncertainty i...