The Economics of Artificial Intelligence

So, let me give you the key take-away lesson from this chapter right off the bat:

Using Artificial Intelligence (AI), you can create assets that appreciate in value (not depreciate), the more that these assets are used.

In this chapter, I will provide commercial proof points to that opening statement by examining Google's open-source strategy for accelerating the capabilities of the TensorFlow AI/Machine Learning (ML) framework, as well as Elon Musk's Tesla Fully Self-Driving (FSD) autonomous AI strategy for creating assets that appreciate in value through usage.

Yes, be prepared. If you're still struggling to grasp the unique economic potential of data assets—assets that never deplete, never wear out, and can be used across an unlimited number of use cases at close to zero marginal cost—then this chapter is going to blow your mind!

Let's start this exploration by revisiting a topic that was...