Gerstner notes top internet companies grew from 5% of Nasdaq in 2006 to 35% today.
“In 2006, the top six or seven global Internet companies represented about 5% of the Nasdaq. Today, they represent about 35% of the Nasdaq. So the big have gotten bigger at an accelerating rate,”
Gerstner notes top internet companies grew from 5% of Nasdaq in 2006 to 35% today.
“In 2006, the top six or seven global Internet companies represented about 5% of the Nasdaq. Today, they represent about 35% of the Nasdaq.”
Gerstner says AI is bigger than the Internet because it extracts knowledge rather than just retrieving information.
“when we say it's bigger than the Internet itself, what we mean by that is the Internet really allowed us to discover information, to retrieve information.”
Gerstner says they overestimated short-term internet impact but dramatically underestimated the long term.
“We thought we knew everything about the internet. We knew it was going to change the world forever. And it turns out we overestimated what it was going to do in the short term, right?”