But this isn’t really about AI enthusiasm or AI scepticism. It’s about industrialisation. It has happened over and over in every sector, and the pattern is always the same: the people who industrialise outcompete those who don’t. You can buy handmade pottery from Etsy, or you can buy it mass-produced from a store. Each proposition values different things. But if you’re running a business that depends on pottery, you’d better understand the economics.
So which is it?
Will an industrialised process always outcompete a pre-industrial process? Or do they not compete at all, because they value different things?