This economic idea transfixed Wall Street and Washington. It may be a mirage.

[bucolic_frolic]

4. TO look at it another way

Trillions spent on AI. If even 2 or 3 AIs are so smart as to have complete and total knowledge about everything, and everyone or more importantly every company can have the knowledge for a fee for their workers to use .... why do they need workers or so many workers, or what competitive advantage is there is accessing AI? No falling behind competitors? What I'm thinking is there's no competitive advantage in AI, no moat as the phrase is known. If everyone else can replicate your work for the price of AI access ... there is no profitable business. The knowledge is open source. Profits compress over time towards zero.