Part 10/13:
Most of these investments are predicated on the belief that whoever controls the AI infrastructure and ecosystems will dominate future markets. As Joe explains, Big Tech companies, with their vast cash reserves and existing market power, see AI as an extension of their strategic assets—akin to how early spreadsheet adoption redefined work productivity.
The Broader Pattern: Technological Shifts and Disruption
Joe emphasizes that history shows similar patterns during technological revolutions. For example, the advent of PCs and spreadsheets radically altered accounting practices, creating a subset of highly productive specialists who reshaped the job landscape. Over time, these tools democratized skills, and more people learned to use them.