Gigaom AI Minute – October 2

Transcript

When discussing all of the things that artificial intelligence could do in the future, I had someone tell me that they didn't think any of it was going to happen because in the end big oil or big medicine or big whoever would quash the change before it could really fundamentally change the world.

Will this happen? No, I don't think so. I don't believe in "big anything." I don't believe "big anything" has the power to stop the march of progress. Big whale oil didn't halt kerosene. Big candle didn't stop the light bulb. There is reason that of the original Dow companies, only one is still part of the index. That is General Electric, and even they got dropped two times. The blue-chip darlings of yesteryear aren't just out of business, but their industry has vanished with them. Innovation always upsets the apple cart, and new companies pop up by the minute to take on big, established corporations.