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Institutional knowledge is key here. Third parties can’t replicate it quickly just by using AI.



Luckily we are firing all those people so they will be available for new roles.

This feels a lot like the dot boom/dot bust era where a lot of new companies are going to sprout up from the ashes of all this disruption.


Also: network effects, inertia, cornering the market enough to make incumbents uneconomical, regulatory capture...

AI certainly will increase competition in some areas, but there are countless examples where being the best at something doesn't make you the leader.




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