^- This is the inevitable future for anything of unique value, and social media will be the least valuable thing locked up. Capital will be in highly specialized databanks. Think about how LLMs are going to take over search and how we not only find information, but do practical tasks online. For example when you're shopping for products you may go to various store sites, look at items in the categories you like, maybe make a list of candidates by your pros and cons, filter out things that don't match your requirements, look at reviews, and so on. It's very time consuming. Instead of that we'll all get to act like rich people with their personal concierges and ask "show me the top 5 most popular/cheapest/lightest smartphones that have a fingerprint reader, a 3D camera, and come in Strawberry Red,".
The money will be not be in who does the search, or who sells the product, but who controls access to the data going into the models.
A more pointed example would be air fares, or any kind of research and packaging a travel agent does, since these are glorified resellers and don't even have the products. Any intelligence and value they add must be locked down completely and sold to the highest bidder. A lot of the business may shift to the airlines themselves unless they just don't want to bother, but they'd be stupid not to keep selling data to search engines and travel sites.
^- This is the inevitable future for anything of unique value, and social media will be the least valuable thing locked up. Capital will be in highly specialized databanks. Think about how LLMs are going to take over search and how we not only find information, but do practical tasks online. For example when you're shopping for products you may go to various store sites, look at items in the categories you like, maybe make a list of candidates by your pros and cons, filter out things that don't match your requirements, look at reviews, and so on. It's very time consuming. Instead of that we'll all get to act like rich people with their personal concierges and ask "show me the top 5 most popular/cheapest/lightest smartphones that have a fingerprint reader, a 3D camera, and come in Strawberry Red,".
The money will be not be in who does the search, or who sells the product, but who controls access to the data going into the models.
A more pointed example would be air fares, or any kind of research and packaging a travel agent does, since these are glorified resellers and don't even have the products. Any intelligence and value they add must be locked down completely and sold to the highest bidder. A lot of the business may shift to the airlines themselves unless they just don't want to bother, but they'd be stupid not to keep selling data to search engines and travel sites.