Comment by danpalmer
16 days ago
AI hype is full of bad total addressable market hypotheses. There just isn't $26T of money to buy this stuff.
Patrick Mackenzie, at the time at Stripe, about 10 years ago, talked about how Stripe's growth depended on growing the actual internet. Not just growing their market share within it.
Google, Meta, etc, have projects dedicated to getting more people online, because when you have 2bn users, you kinda have to make more users.
If that were to become reality, and I won’t guess at the odds of that, is because it grew the world economic pie. Thinking about it in terms of the size of the pie today is treating it like a zero sum game. It’s a different game.
> There just isn't $26T of money to buy this stuff.
But there is. Like, it is less then GDP of US only