Benedict Evans

And so as soon as you have something that's a different proposition, it turned out to be extremely easy to pull that away.

Google lost to YouTube, and they had to buy YouTube.

Facebook lost to Instagram and WhatsApp, and they had to buy them both.

So those are quite fragile and quite narrow, when it takes all effects, or at least they appear to be.

We don't know what that would be or what the modalities would look like.

Modalities, sorry, that's a great meaningless word.

It's like saying societal.

We don't know what that would look like.

And therefore we can't, we don't know how rigid it would be or how it would work because we don't have it yet.

You can't, as I'm sure you know, you're not, they're not retraining the models all the time with the data.

So you don't have that kind of runaway effect as like continuous flow and more queries produces better results.

Yeah, I think this is really important.

There's a whole bunch of survey data on how many people are using this stuff.

You've got the numbers from... So OpenAI predicts, say, well, we've got this many weekly active users.

The funny thing about social is people, when social happened, people would talk about registered users.

You know, in the early days of the internet, people were talking about hits.

And then we realized that if your web page has seven items in the menu bar, that's seven GIFs.

So that's seven hits.

So hits was meaningless and you had to switch to page impressions.

And then it's registered users.