Gerstner argues Google captured 98% of all upside in search despite having 20 competitors with good technology.
“20 competitors in search. They all have pretty good technologies, but Google consumed 98% of all the upside ever associated with search.”
Gerstner asserts there is no evidence the gap between commodity and frontier AI models is collapsing.
“People are speculating that the intelligence gap between that commodity stuff and the frontier stuff is going to collapse to the point that people won't pay for the frontier stuff.”