This is obvious
If a company owns a digital AI, with enough training that AI can handle virtually anything in the digital realm, meaning it will eventually replicate most functionality of today's AI apps/software in many cases
This is obvious
If a company owns a digital AI, with enough training that AI can handle virtually anything in the digital realm, meaning it will eventually replicate most functionality of today's AI apps/software in many cases
Physical AI, however, depends on massive supply chains and factories, which will remain a huge bottleneck for the next ~20 years
This explains why physical AI companies (like Tesla) look significantly undervalued, while digital AI firms—especially bolt-ons to ChatGPT, Grok, etc.—seem likely overvalued
Physical AI firms can deliver a much lower cost per unit of labor than human equivalents (e.g., drivers) and hold super-defensible moats such as factories and supply chains