The Dark Forest of R&D and Capital Deployment in AI

AI companies are making a bet that billions of dollars in R&D will eventually lead to market domination. How can they navigate this high stakes dark forest?

I wrote a new long-form piece looking at AI Companies and the novel financial dynamics they face as they deploy capital towards R&D with little short-term feedback loops on defensibility or durability of their decisions.

I looked at:

- Commoditization curves at each part of the AI stack.

- The strategies to deploy at the application layer to fight back against commoditization

- Technological tailwinds for margin expansion

- The capital journeys for various types of AI companies

and much more.

You can read the full piece here and please share it on twitter/socials if you enjoy it.