"Meta’s case is probably even less indicative of generative AI usage." I agree. I think one area they're quietly(?) betting on is WhatsApp Business Platform. Shifting has just begun. They just hired the former Salesforce AI Chief. If they succeed, it will be another very lucrative cash cow. It has potentials. WhatsApp has strong moats in the B2B market.
Great commentary. Revenue alone doesn’t signal a boom---but the surge in capital expenditures (e.g. data centers) certainly does. Just like past periods of over-investment---railroads, fiber optics, the dot-com era---are we not seeing the same old capitalism play itself out? Stability in AI diffusion may come eventually, but not before the excess catches up with itself. In the meantime, the real question is where the risk is being offloaded. There's plenty of “dumb money” fueling this bubble.
"Meta’s case is probably even less indicative of generative AI usage." I agree. I think one area they're quietly(?) betting on is WhatsApp Business Platform. Shifting has just begun. They just hired the former Salesforce AI Chief. If they succeed, it will be another very lucrative cash cow. It has potentials. WhatsApp has strong moats in the B2B market.
Great commentary. Revenue alone doesn’t signal a boom---but the surge in capital expenditures (e.g. data centers) certainly does. Just like past periods of over-investment---railroads, fiber optics, the dot-com era---are we not seeing the same old capitalism play itself out? Stability in AI diffusion may come eventually, but not before the excess catches up with itself. In the meantime, the real question is where the risk is being offloaded. There's plenty of “dumb money” fueling this bubble.
At last, a lone voice of reason. Great insights 👏