12 Accumulating Power
System-level innovation is hard. Why not let your competitors go through all the pain and expense of figuring it out and then copy them? Because AI confers an advantage on first movers. AI learns, and the sooner it is deployed, the sooner it can begin to learn. The more it learns, the better it gets in terms of prediction accuracy. The better it gets, the more effective the new system is. The flywheel begins to turn. This flywheel explains why some in the venture capital community are investing so aggressively in seemingly nascent AI projects. Learning comes from data, and so first-mover advantage comes from a feedback loop in that data.
BenchSci is an AI-in-medicine company. Its target is the length of the drug development ...
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