Post by @davidgerard@circumstances.run

@davidgerard@circumstances.run 1 hr. ago

NBER research:

* paying genAI customers switch providers freely
* they typically pay $20-30 a month
* switches happen at model upgrades
* no brand loyalty, genAI is seen as a generic commodity

https://www.nber.org/papers/w35953

NBER

Competition in Generative AI: Evidence from Consumer Demand

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

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Philipp

@computersaysno@digitalcourage.social 14 min. ago

@davidgerard Thanks for sharing. Interesting how China is undermining US AI Technology by just releasing Open Weight models.
I hope that at one point the capitalist will realize that it is not worth investing in AI and the bubble will pop.

Mark Lynch

@mark_f_lynch@mastodon.ie 57 min. ago

@davidgerard that’s a multi-trillion dollar market right there