AGI · Elizabeth Warren · ChatGPT · Fortune Technology
Crudely defined, AGI is the ability of AI to navigate ambiguity, form hypotheses, test them, hit dead ends
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Key facts
- AI applications collectively are today pushing an estimated $150-200BN in ARR, according to Northzone analysis
- The years 2023 and 2024 saw a mind-boggling rise in AI productivity tools
- If the last 24 months of AI were defined by efficiency and productivity increases, the next 12 will be defined by innovation
- By far the largest and most mature vertical within this is AI Coding, 20-30% of these revenues, which has amongst the most sophisticated class of AI application products
Summary
They've evaluated such tools running well into triple digits in the past 12 months alone, and believe that the vast majority of those are destined for the graveyard. They're in the most exponential cycle of innovation, and therefore value creation, the world has ever seen. The years 2023 and 2024 saw a mind-boggling rise in AI productivity tools. The list of productivity tools, both horizontal and vertical, runs into the many hundreds today. Over 50 years ago, Charlie Munger convinced his best friend, Warren Buffett, to ditch the proverbial cheap cigar butts for buying durable, high-quality businesses, centered around their economic moat.