Longreads + Open Thread

Andreessen, AI, Sunk Costs, Risk, ML & Biology, Valuation, Wirecard



Open Thread

Reader Feedback

Responding to last week's longreads, Andrew Antes asks:

The a16z piece has me wondering if AI will be sort one of those areas where most of the upside is widely distributed and not captured by any central entity - I think you catalogued a bunch of these awhile back. Like the airline industry creating all sorts of unrealized value.
Maybe that upside capture is represented by the cloud infrastructure companies’ massive revenue sink.

Value creation is always a good first priority for new industries, but value capture ultimately matters a lot, too—especially because industries that can't manage it are run by capital markets and professional managers rather than founders.

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