@distributionat that's a funny way to spell gambling
Sorry, I forgot the fifth market that emerged this year, information, instantiated as "prediction markets". About $28.4B in May, so annualizing to ~300B assuming no growth.
The 5 markets are: information, tokens, compute, data, capital.
I suppose there is also the labor market.
Users endorse the framing of tech converging on five key AI markets—compute, tokens, information, data, and capital—as spot on, while suggesting gambling as a better label for information.
The unification of previously disparate markets into e.g. one token market or one information market reminds me of the kind of unification of markets under globalization, or the unification of markets under mass media, leading to Rosen's superstar economics. Consequently, one should expect, as one does under those scenarios, that the emergent superstar is larger than the aggregation of the previous stars of smaller markets.
@distributionat I’d replace information with Gambling but yes spot on
@distributionat that's a funny way to spell gambling
Sorry, I forgot the fifth market that emerged this year, information, instantiated as "prediction markets". About $28.4B in May, so annualizing to ~300B assuming no growth.
The 5 markets are: information, tokens, compute, data, capital.
I suppose there is also the labor market.