Open your thoughts
It’s hard to keep up with the speed at which the technology world moves. Just as one giant AI grabs the headline, the other is waiting to grab us. Similarly, it feels like AI companies are valued at billions of dollars now. Many of us don’t know why we are and why we are valued at such incredible market value.
Comparison between AI and the Internet
Some investors and market analysts believe that AI may be experiencing bubbles like the dot-com bubble that emerged in the late 1990s. Here are the similarities that we draw. The Internet has still changed our lives as many people think AI would do. The dotcom bubble didn’t mean that the internet was a trend or that its location was overrated. This meant that certain companies were overvalued, leading to stock market overvaluation, hysteria and heavy investments.
Companies that have found their niche online and created brands and ideas can thrive even during the dot-com bubble and in the midst of a slump in the global market a few years from now.
The casino industry is a great example. From the early days of the Internet to the smartphone and modern markets, they are constantly leading change and adapting to new technologies. This is increasingly integrating new challenger ideas, such as cryptocurrency casinos. Thunderpick Casino uses a variety of cryptocurrency payment options, highlighting how the casino world’s pioneers don’t flip the stones when creating completely different ways of playing.
A hopeful thought?
You may be pessimistic about AI and perpetuate these ideas more than others when it comes to the possibility that it will unlock. The idea of dot-com bubble style crashes will be welcomed by those who warn us about the potential of unregulated AI and how deep the progress and influence that some people may think is not as deep as they are.
As for AI, the Demon God is out of the bottle, and, more worryingly, it feels like it’s out of the bottle when it comes to regulations. AI companies are flowing steam towards a trillion dollar valuation and don’t seem to be genuinely willing to ensure they stay within the US regulated framework. The EU has established a framework, but global efforts are important.
Strangely, if AI can disrupt some of the Internet’s Titans, this could incorrectly lead to sector regulation, especially in countries like the United States, where tech giants have a significant impact on the direction of policies and regulatory authorities.
I’ll challenge the current situation
Several AI giants are challenging the traditional status quo in the Internet world. A search engine that has long been monopoly and dominated its own markets, can finally witness authentic competition and eat some of its market share.
Claude, an AI chatbot designed by Anthropic, features the ability to draw complex search engine results from basic commands. There are still some teething issues, but Google’s AI Gemini aims to preempt this curve and maintain a dominant market share in the dominant sector for 30 years.
ChatGpt, the first generation AI model to emerge as a true threat to traditional search engines, also offers a similar facility. Some of these properties are cutting edge and very impressive.
For example, if you ask ChatGpt, Gemini, or Claude to provide a detailed list of NFL games over the next few weeks, or if you are looking for a variety of food and cocktail menus, your search results will be varied, detailed and specific.
However, while technology experts may be jumping for pleasure at these impressive advancements, there are still areas that need to be improved. Some search results and niche suggestions, such as the top moments of Thunderpick World Championships, are less useful in many ways than search engines, so they can actually put together a random gust of results.
summary
In the long run, AI will be a significant challenge for some industries. Those who are unable to adapt to these changes or are unable to effectively deal with the blows are at risk of delays.
Some of the world’s largest search engine companies, like Google, have been funding and researching the development of AI programs like Gemini over the past few years, but now, even further afield, there are startups that really shake up the way people find information online.
For the past decade, social media companies have acted as search engine alternatives, with more people (for better or worse) getting information from smaller social media sites such as Tiktoks, Facebook, and X, formerly known as Twitter.
To remove some of the world’s most prominent high-tech companies from the top of this pyramid, you need a tremendous amount of change, but all companies will eventually fall short, with AI and its developing ways, knowing who will be on top when everything is said and when it’s done?
Source link
