That’s the economists angle, yes, but that’s not what I’m getting at.
You can’t make a business with AI because anyone can use an LLM to do anything an LLM can do.
There are exceptions in the short term, but they may not last. For example, we’re paying a hefty subscription fee for an AI service that scrapes financial data from scanned pages. It’s much more accurate than traditional OCR.
Presently its better than its competitors so commands a premium price. However, I don’t think it will enjoy that position for long.
This is kinda fundamental to economics: the moment AI learns to perform some task, that task becomes less valuable.
But then aren’t there just different tasks to do? VisiCalc and Excel didn’t make accountants irrelevant.
That’s the economists angle, yes, but that’s not what I’m getting at.
You can’t make a business with AI because anyone can use an LLM to do anything an LLM can do.
There are exceptions in the short term, but they may not last. For example, we’re paying a hefty subscription fee for an AI service that scrapes financial data from scanned pages. It’s much more accurate than traditional OCR.
Presently its better than its competitors so commands a premium price. However, I don’t think it will enjoy that position for long.