Benedict Evans, a former partner at Andreessen Horowitz and independent analyst, has published a presentation on the transformation of the economy by AI. He compares the current state of AI to 1997, an early and uncertain time for the internet. According to Evans, value will accrue in the middle layers of the AI stack, not just at the top or bottom. He also notes that there is an anti-AI backlash, which could lead to regulatory changes and limit the growth of AI companies.
Evans highlights a surprising boom in consulting and professional services at AI companies, as well as the increasing importance of distribution as a moat for software companies. He advises founders to think about whether their tasks or jobs can be automated by AI. Evans predicts that things will likely be okay in the long run, but that preparation is necessary.
Evans' presentation has been widely read and discussed among founders, investors, and operators trying to make sense of the rapidly changing technology landscape. His ideas have sparked debate and discussion about the future of work and the impact of AI on various industries.
