Studies show that AI could boost long-term productivity, wage growth and economic growth by 2-3%. AI needs lots of data to be trained on. The companies that dominate big data have a major advantage in AI because of data network effects. Whoever attracts the most search users (Google) has the most data to perfect its search functionality. Machine-learning algorithms keep improving themselves using more data than their rivals…. For all the complaints about social media, Meta has 4 of the 7 most popular social media platforms.
ChatGPT went from no users to almost 2 billion in five months. It’s potentially on track to hit 3.4 billion users by the year-end. In other words, analysts think that after 24 years, Meta’s platforms will peak at 3.3 billion users. After one year, ChatGPT might achieve a larger user base.
Since ChatGPT was launched in November, Google’s market share in global search went from 92% to 93%. ChatGPT has thus far not made a dent in Google’s dominance. And, what do Amazon, Google and Microsoft have that Meta doesn’t? They are the kings of the global cloud….
From ‘Google Vs Meta: One Could Dominate the Future of Everything’, Seeking Alpha