Billionaire Jeff Bezos, who built one of the world’s most valuable companies, sees a shift underway that could favor smaller players over the biggest institutions.
At the America Business Forum, Bezos says AI is a spark for a surge in invention that could transform industries and reorder competitive power.
According to the billionaire, AI is giving individuals and startups the upper hand, noting that large organizations struggle when technology cycles move faster than internal decision-making structures.
“There’s never been a better time to be an inventor and a pioneer than right now because the world is on fire with ideas and with AI and space opportunities. We’re in the middle of multiple golden ages right now, at the rapid rate of change. And by the way, rapid change is good for startup companies and bad for incumbents. It’s hard for incumbents to move fast.”
Zooming out, Bezos believes AI will change every industry for the better.
“The fundamentals of what is happening are very powerful, and it will impact every industry. And it will make every industry more productive. Diagnosis will get better, so drug discovery will get better. But literally, you can go through every single industry… every manufacturing industry, everything is going to get better.”
In September, fellow billionaire Mark Cuban said young people have an edge over prior generations because of tech and AI.
“The tools you have as someone in college, there’s no better time to be in college or just graduating than right now, because you have more resources available to you in your phone than anybody in the history of everything, right? Because if you want to be an entrepreneur, if you want to do whatever it is, you have every expert that’s right there available to you.”
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