The Key to Business Survival in the Era of AI

The rapid growth and market power of superstars causes complex challenges for society and governments, leading to increased antitrust enforcement, fines, and increased regulation. The reactions by markets and regulators is the primary reason why superstars in one business cycle are knocked out of the top decile by the next business cycle, which was confirmed by McKinsey & Company's research on superstar firms. Given these headwinds, it will become increasingly difficult for superstar firms to maintain a similar growth rate moving forward, providing an opportunity for competitors. In addition, tens of billions of dollars of investment in AI research and development over the last decade has resulted in sharply lower cost of adoption with much higher performance levels, opening the option for most organizations to adopt advanced AI systems.