Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The battle for artificial intelligence (“AI”) tools market dominance is over. Unsurprisingly, the large technology firms have won. Venture capital fund write-offs are sure to follow.
The AI tools market has illustrated the common phenomenon that first movers lose to fast followers, strategically or financially. In 2022, a full-fledged gold rush led to the entry of many start-ups, often with the backing of venture capitalists.

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