Might future multi-trillion dollar AI platforms like OpenAI represent not just the end of the app age but also of economic competition itself? As That Was The Week’s Keith Teare and Andrew discuss in today’s weekly KEEN ON tech round-up, the news of OpenAI’s $6.5 billion new funding round suggests that big tech is going to get even bigger because these new post-platform AI leviathans will control everything associated with their revolutionary technology. There won’t be a need for apps in this economy because what Silicon Valley traditionally calls the technology “stack” will be controlled by a single AI company. It’s a daunting prospect that might, in the not too distant future, make us nostalgic for the relatively flat economy of the Apple/Google app store duolopy.
Keith Teare is the founder and CEO of SignalRank Corporation. Previously, he was executive chairman at Accelerated Digital Ventures Ltd., a U.K.-based global investment company focused on startups at all stages. Teare studied at the University of Kent and is the author of “The Easy Net Book” and “Under Siege.” He writes regularly for TechCrunch and publishes the “That Was The Week” newsletter.
Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.
Episode 2211: Why in the AI Age, Big Tech is going to get significantly BIGGER