Asa Fitch
speaker
71 appearances
1 recordings
1 series
first heard Aug 2025
last heard Aug 2025
Asa Fitch’s voice in public audio — every appearance, attributed to the second.
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Appearances
So the rich get richer in this AI boom, but also the rich become more profitable.
vulnerable to potentially shocks.
The other aspect of this is just that they are targets and tech is always an area where there's disruption of some sort.
With the AI boom so far, they've largely understood that they're vulnerable.
And that's one of the reasons that they're spending so much money.
They don't want a perplexity or an inception AI or whatever it is, one of these startups to come
Of course, they haven't done this yet, but to come and eat their lunch.
So they buy these companies or they find ways to invest even more in these companies.
The thing for the big tech companies in this boom is that it's harder for smaller companies to come up and eat their lunch because of the high cost of doing this stuff.
So if the entry fee for leading edge AI is hundreds of billions of dollars, these tech companies basically protected themselves from competition.
But there's always somewhere far behind some competitor that could come up with some crazy technology that changes the game and then leaves them out of the race.
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