Marks suggests AI savings may accrue to consumers through price competition rather than to company profits.
“If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.”
Marks questions whether AI savings will accrue as profits or be competed away through lower prices.
“To whom will the savings accrue? If different companies are competing to provide the AI service, maybe they'll compete on price to the point where it's not profitable for them.”
Marks describes hyperscalers as mostly the greatest companies he has ever seen, engaged in an arms race.
“I would describe, what we call the hyperscalers as mostly the greatest companies I've ever seen. And they're engaged in an armory, arms race.”