Comment by mmooss
3 days ago
Maybe you could compete by developing new and better products? Ford isn't selling the same car with lower and lower costs every year.
It's really hard to reconcile your comment with Silicon Valley, which was built by often expensive innovation, not by cutting costs. Were Apple, Meta, Alphabet, Microsoft successful because they cut costs? The AI companies?
Microsoft yes, the PC market made it very hard for Apple to compete on price.
Meta and Alphabet had zero cost products (to consumers) that they leveraged to become near monopolies.
Aren’t all the AI companies believed to be providing their products below cost for now to grab market share?
> Apple
Apple's incredible innovation and attention to detail is what made them legendary and successful. Steve Jobs was legendary for both.
> Meta and Alphabet had zero cost products (to consumers) that they leveraged to become near monopolies.
What does zero cost have to do with it? The comment I responded to spoke of cutting the business's costs - quality inputs, labor, etc. - not their customers' costs. Google made a much better search engine than competitors and then better advertising engine; Facebook made the best social media network.
> Aren’t all the AI companies believed to be providing their products below cost for now to grab market share?
Again, what does that have to do with cutting costs rather than innovating to increase profit?