Was 1990-early 2000 dot com era was the last era that produced so many new now trillion dollar companies? Where you could start in garage and become top 10? Cause small players won't capitalize on ai.
Only those who own the data and have resources to process them can capitalize on ai revolution. So only big guys. And that's exactly what we see. This "revolution" doesn't disrupt markets in the sense that it doesn't shuffle players like many others did in the past. It surely helps those at the top to solidify their position at the top. Or in other words rich will become richer.
And I can't think of any other new big thing that could change this from now on. I mean for example of you want to get into space business you need huge capital i can imagine.
I don't think if this is garage type of business like www was where you just needed a pc. Besides we see all those big players now already investing in it. Similarly robots and other things. Even if some of industries have a bit smaller entry barrier, the big players won't miss on the opportunity. They quickly take positions. Even if it's very risky and money can be lost, like we see in the case of meta with oculus and ai glasses or Google with all of it's shitty web services, half of which dead after 2 years. The amount of cash they sleep on is apparently humongous.
1990 disrupted markets cause IBM, GE and others were not aware of the impact www will have. They followed traditional model of company focused on one industry. But it seems that today's companies are different breed. They are multi industry super corporations which won't let any new guys take anything from this cake. It looks like we are slowly but steadily reaching the endgame of capitalism. Company convergence to few super corps ruling the world like kings. Like on the old sci-fi books which predicted it all.
So what do you think?