Sam Altman is not shy with his claims.
Before going into this article, I will state that I am not writing about the validity of this forecast. Altman didn't say that OpenAi was definitely going to be a $100 trillion company. He did, however, mention, that it could be possible.
Why this is important is that it shows the potential of what is possible. artificial intelligence is going to be the greatest wealth producer the world has ever seen. This is going to make the computer age look minor in comparison.
To put it in perspective, right now Microsoft is the most valuable company at $3.1 trillion while Apple comes in at $2.9T.
Basically, this is a 33x over the largest companies in the world right now.
AI Generating Hundreds of Trillions
It is unclear if Altman was operating from the premise that "winner take most".
Even within the chatbot realm, there are plenty of competitors. Most Big Tech companies are involved. We have Google, Amazon, Meta, and Elon Musk all participating.
So who is going to be the winner?
What happens if all of these are winners? We know that it is unlikely for any of these companies to go away anytime soon. They are all flush with data. Processing is being added and each is tied to LLM development.
If this is not a winner take most situation, we can presume that AI will generate hundreds of trillions in value. This is how big it can become.
How Much Is The Internet Worth?
Many want to correlate AI to the Internet.
This is something that doesn't quite line up. The Internet is a network, operating under different characteristics. Here we see things such as the network effect in place.
AI is more akin to computing. In fact, it can be thought of as next generation computing.
It deals with data, processing, and the input/output workflow. This is no different than what we see on the semiconductors in our laptops. The difference is the "rules" they operate under.
Our phones or PCs do not have predictive capabilities. With AI, we are looking at a system that looks for ways to predict what is needed next. This is a major change.
That said, how much is the Internet worth?
There are no concrete answers to this question since there are many ways to tRY and calculate it. Needless to say, the overall value is into the tens of trillions of dollars.
How Much Is Computing Worth
Going to something even more basic, how much is computing worth?
To be honest, this is a figure that would be impossible to calculate. How can we put a figure on the societal impact on computers? Consider the difference in life today as compared to the 1950s. While there are many reasons for this, a large part of it is due to computing.
Just consider the fact that a new car has, at a minimum, dozens of different computers in them.
Most of our entire world is run on computing. If we look at the $100 trillion global economy, how much of it is tied, in some form, to computing? Is there much that is not affected? Perhaps there are some services such as house cleaning that might not be affected but even that likely has computerized scheduling.
In other words, we are probably looking at hundreds of trillions generated over the years in economic output. Naturally, this is not a direct market cap value of the companies.
Nevertheless, the next generation could see that. Might we see a $100 trillion company at some point?
Time will tell. If there is a field that could drive it, AI will do that.
Posted Using InLeo Alpha
Even among the competitions, I so much believe that it will really be so hard to dethrone OpenAI from that top and I am actually seeing them soon as the most valuable company
There is no turning back. The impact it has on the world will be phenomenal. Interesting to start guessing what would be the blue ocean market as AI takes over the world.
We are heading down the path, for better or worse.
I can see AI as having 100 trillion market cap. If OpenAI ends up being the leader of it, then they can get the amount. But imagining Google, OpenAI, and other AI companies each having near 100 trillion market cap is a bit too much. So I guess Sam Altman is very confident that they will end up on top of this AI race. I wouldn't count Google out though.
Hard to see all of them having that although it will come down to the applications. What do they build on top (or what do others do).
These companies appear to be building apps into what they are working on (or at least incorporating them).
I'd think that it's a winner take most type of situation, most of these big companies are focused heavily on AI development and it seems more breakthroughs are ahead of us. What AI brings to the table, in terms of economic output will probably be multiples of what the internet brought.
Historically it was winner take most. However, if they are simply building something that becomes a commodity, it will be interesting to see if they are just reproduced.
After all, much of the training is on the same data.
Right, the same data will just be interpreted in different sorts of ways without creating something truly different from it. Perhaps, AI's main advantage could be speeding up processes that normally take a lot of time to complete.
Computing has undeniably revolutionized our lives, permeating almost every industry. While trying to find a precise value is challenging, the influence of computing is immense, potentially contributing to hundreds of trillions in economic output.
As AI continues to advance, it could drive unprecedented growth, possibly leading to the emergence of a $100 trillion company in the future. Time will indeed tell.
Sorry for the confusion, is openAi a company listed on the stock exchange?
No private company.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 710000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPI found your article very important and I agree with you, but what I like the most is that it has made me ask myself several questions to continue delving into the subject, for example: where would computing have been if it were not for the internet? And one more: to what extent this internet that exists will be able to support the growth of computing and AI? The internet we have is basically the same since it was invented and this limits the technology, for example, blockchain is not more secure because the internet was not invented to be secure, and there I wonder at what point will the leap arise that will push the technology to higher levels given the promises of computing and AI supported on a Next Generation Network?