""You've got five, six, whatever it is, companies that are trying to create the ultimate foundational model that we all depend on," Cuban said on the "Pioneers of AI" podcast. "It's almost like in the '90s when all the search engines were competing pre-Google... There were all these different [ones] and you didn't know if it was going to be a winner-take-all, or a top five." "Now, we know with search engines it's Google, and then there's Bing, as, like, 1 or 2% and DuckDuckGo has got a half a percent.""
""But he warned that this race to build the most powerful model could create its own kind of bubble - a view shared to varying extents by many tech and business leaders, including Sam Altman, Bill Gates, and Ray Dalio. "They may be overspending," he said. "And if they overspend or get too caught up, the bubble is in the competition between all those models because that could pop just like that with any new technology.""
The race to build the most powerful AI foundational model mirrors the 1990s search-engine boom and risks producing a winner-take-all market. Major firms are consuming vast resources and overspending to secure dominance, creating pressure on infrastructure and economics. Such concentrated competition can form a speculative bubble that might burst suddenly if a new technology or shift undermines competing models. The likely outcome could be one dominant provider emerging while rivals struggle financially, leaving a dramatically consolidated market and heavy losses for many participants.
Read at Business Insider
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