In a new piece by Will Heaven, senior editor for AI at MIT Technology Review, the concept of “innovation inflation” is discussed as he notices that all major AI companies are seemingly developing the same products.
This is best exemplified by Google’s new search tool, AI Mode, and how it parallels OpenAI’s ChatGPT tool in many ways.
Google has the resources to innovate search with AI, but the company has to be the market leader, not a follower, or it could signal painful days ahead.
Chatlines from Google, Microsoft, and Apple show that only being innovative in AI products potentially leads to pain in terms of the companies’ future performance.
In contrast, the AI startup market has undergone a boom, with no clear leader, but a variety of good products that can produce better software.