Analysis of the AI industry seems to oscillate persistently between frameworks that see it as a high-capex chatbot platform and those that view it as “humanity’s last invention,” in the form of AGI (artificial general intelligence) or ASI (artificial superintelligence). The former framework has the advantage of aligning with modern tech industry rubrics (from SaaS and other API business models), but I also believe it tends to devolve into “chatbot myopia” and often misses the appropriate unit of economic analysis for AI.
