Technology truly changes the world when it alters the economic models of the day. It wasn’t the iPod that changed music — it was iTunes. It wasn’t Google’s search algorithm that built a trillion-dollar company — it was AdWords. So what is the economic model that ChatGPT and generative AI will create? In this paper, Chip Block examines the historical pattern and projects where the next economic transformation will emerge.
iPod-iTunes, Google-Adwords, ChatGPT-…?
It wasn't the iPod that changed music — it was iTunes. So what economic model will ChatGPT ultimately create? Chip Block examines the historical pattern of technology-driven economic transformation.