""No question: we're early," said Krane. "Third pitch, top of the second inning, driving at Formula One speeds." He added: "This is a pitch clock that we've never seen before. This game is moving incredibly quickly, for better and for worse.""
""It's absolutely a long cycle, and we're at the very, very, very beginning," said Settle, adding: "I'm always thinking about the metaphor, back to Internet days. And I don't know, maybe AOL? I think that's where we are, but it's moving so much faster.""
"As Krane put it: "With all this speed, with this abundance of capital deployment, are we directing people, directing these financial resources at the most important problems and the biggest opportunities?""
AI remains in an early stage, compared to early innings, and is advancing at unprecedented speed under a compressed pitch clock. Massive capital inflows have driven valuations to record highs, including OpenAI reaching a $500 billion valuation. Investors are evaluating whether funding is being directed toward the most important problems and largest opportunities. AI applications are gaining traction across healthcare, law, manufacturing, and defense. Startup norms are shifting, with small teams experiencing a renewed renaissance in effectiveness. The overall AI cycle is expected to be long, and development is unfolding far faster than previous technological waves.
Read at Fortune
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