On the Professional Practices Alliance (PPA) webinar that I chaired recently, on the topic of succession planning in an age of AI, I mentioned a stat taken from Peter H. Diamandis‘s Moonshot podcast …. that AI intelligence costs are hyper-deflating at 40X p.a. (!!!) This would mean that the cost of AI tools being used by law firms should be similarly deflating (or else capability increasing 40X at constant price).
What does this tell us about the viability of the “moats” upon which many AI products now rely for competitive advantage?
Not a short video (nearly 2 hours) but in my view a very important one.