Real Dynamic Competition:
"Moore's law in chips that enabled the smaller, faster, cheaper paradigm [...] only proved true because competitors to Intel, like Advanced Micro Devices, forced Intel and others to reduce costs and innovate over time to remain competitive"
This report is damning. Goldman Sachs's Head of Global Equity Research doesn't believe that generative AI is capable of solving complex problems, and says the tech industry "is too complacent in its assumptions that costs will decline substantially"