Part 5/13:
Winton asserts that the industry is still in the second inning of a massive AI super-cycle, roughly analogous to the early days of internet adoption. As of now:
About hundreds of millions of active AI chatbot users exist.
The goal is to reach billions of users by 2028-2029, with each additional user increasing compute demand.
The model is shifting from indirect monetization (advertising) to direct user charges, exemplified by OpenAI’s subscription fees (~$200/month).
He compares current progress to the early internet, where giants like Yahoo began accepting VC funding, with the market eventually soaring way beyond early prototypes. Winton believes there is more headroom for growth, especially as AI expands into robotics, healthcare, and multiomic analysis.