Part 8/13:
In industries like healthcare, finance, and manufacturing, the companies developing these foundational AI models are fighting to secure slices of enormous markets. These markets, with immense network effects, resemble the initial stages of social media platforms—once disruption occurs, it can turn into a lucrative cash cow.
Historical Parallels: The Spreadsheet Revolution
Joe draws a compelling analogy from the early days of computing: the spreadsheet. When spreadsheets entered the scene, accountants who mastered them became disproportionately productive, often outpacing their peers by orders of magnitude. Some even left their organizations to start consulting firms—highlighting how mastering new tools can lead to significant career shifts and economic gains.