Big tech hasn't monopolized A.I. software, but Nvidia dominates A.I. hardware

I recently caught up with Ian Hogarth and Nathan Benaich, who each year produce The State of AI Report, a must-read snapshot of how commercial applications of A.I. are evolving. Benaich is the founder of Air Street Capital, a solo venture capital fund that is one of the savviest early-stage investors in A.I.-based startups I know. Hogarth is the former co-founder of concert discovery app Songkick and has since go on to become a prominent angel investor as well one of the founders behind the founder-lead European venture capital platform Plural. There's always a lot to digest in their report. But one of the key takeaways from this year's State of AI is that concerns established tech giants and their affiliated A.I. research labs would monopolize the development of A.I. have been proven, if not exactly wrong, then at least premature. While it is true that Alphabet (which has both Google Brain and Deepmind in its stable), Meta, Microsoft, and OpenAI (which is closely partnered now with Microsoft) are building large "foundational models" for natural language processing and image and video generation, they are hardly the only players in the game.