Thesis on value accumulation in AI.

Recently, I’ve thinking about where I want to focus my angel investing in 2024,and decided to document my thinking about value accumulation in artificial intelligencebecause it explains the shape of my interest–or lack thereof–in investing in artificialintelligence tooling. I’ll describe my understanding of the current state, how I think it’llevolve over the next 1-3 years, and then end with how that shapes what I’m investing in.

My view on the the state of play today:

There are three funda...