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The network effects and economic incentives around these open systems and their data can be more powerful than current centralized companies because they are open standards that anyone can build on in the same way the protocols of the internet like TCP/IP, HTML, and SMTP have achieved far greater scale than any company that sits atop them. This open data has the potential to commoditize the data silos most tech companies like Google, Facebook, Uber, LinkedIn, and Amazon are built on and extract rent from. And it creates an open data layer for AIs to train on. Simplified, AI is driven by 3 things: tools, compute power, and training data.
Sep-10-2017, 05:59:15 GMT