Summary
The article discusses how predicting the success of new technology, like artificial intelligence (AI), can be challenging. It compares the current AI landscape to past predictions about e-commerce, highlighting the difficulty in identifying winners early on.
Key Facts
- In 1994, e-commerce was just starting and many early companies struggled or failed.
- Amazon, a major success in e-commerce, began as a small startup in 1994.
- Walmart adapted to e-commerce and saw significant stock value growth since 1994.
- The current AI market is rapidly developing and could disrupt existing software companies.
- Making profits from new technologies often requires selecting the right companies, which is difficult when those companies are just emerging.
- There are upcoming webinars discussing AI's impact on governance, risk, and creativity in marketing.
