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“Disagree. Generative AI will be the greatest growth and productivity engine, ever. We will see amazing new shit that replaces the old shit, but will cost more and we will bust ass to get it.

Some will be purely digital, but it will be the good digital shit that everyone wants and will pay up to get. Others will be new products that we didn't know we wanted that we will pay up to get

Entrepreneurs will create new companies, some of which are based on ideas that AI generates, that will have to compete with other startups that competitive AI dreams up. Which will compete with companies who don't know how to compete in this new world. Their old shit will get cheaper because it's shittier

There will be millions of models that compete and trillions of agents that compete. But intellectual property will be king as people try to determine what we value in a new world.

That will lead to robots and self driving everything. Anything that needs to be physically transported ,human or otherwise will happen in a self operating device. Some will be dronesrhe size of a pill. Otherwise will be enormous that will move really big shit that AI invents

Right @elonmusk? And that shit won't be cheap

Life and companies will move to be native Ai rather than AI bolt on like we are seeing today. There will be two types of companies, Native Ai companies that are great at it and those who are on their way out of business.

Deflation happens when we get more of what we already got at a cheaper price. When everything is new , entrepreneurs will charge what the market will bear

We haven't reached the crazy stage yet because it's all changing so fast and going in an amazing direction.

If you aren't excited by what is happening in AI and playing with every tool and learning all you can about it, you need to go back to your IBM PC”

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Discussion

Austin 9mo ago

nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3jamnwvaz7tmjv4kxz7t9wghxv6tpw34xze3wvdhk6j8uhqx specifically, his opinion on deflation. The idea that because the products are brand new they will not sell at a price lower than the worse product they are replacing. Seems logical in the beginning phases, but long term at some point another company will offer the same product for less and the competition will start forcing the price to fall to marginal cost of production?

Jeff Booth 9mo ago

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 forced to either drop their price, improve value, or customers will choose elsewhere.

Austin 9mo ago

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?

Austin 9mo ago

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 is increasing , no amount of AI will change the inflationary impact it has.

Global Political Instability is increasing. That's inflationary as well.

From a straight consumer perspective -

You can buy a $50 phone. Do you ? You can buy a $100 laptop. Do you ? How many AI subscriptions do you have ? In a world of millions of models, trillions of agents , how many do you think you will end up with ? The cost to create a minute of video will decline rapidly. Do you think Netflix will lower their prices ? Bandwidth prices have dropped like a rock, but now we want more, and wireless.

Technology always advances and we always find ways to want to consume more of it. It makes anything digital cheaper on a per bit or per unit basis , but we make it far easier to build and consume it, so we consume more of it. We want more of it. We pay more for it. Then we pay for the service around it that ships us the updates and enhancements. Which is inflationary.

Entrepreneurs will find a way,bwirh the help of AI, to sell us more of the more expensive new shit , even if the price of the old shit drops like a rock”