The mobile revolution needs three kinds of investment:
(A) The carrier has to build out a network
(B) You need to buy a handset
(C) Businesses need to invest in a mobile app.
The returns that anybody gets from investing in A, B or C depend on the investments that other people have made. For instance, why should I buy a handset if the network and the apps aren't there? Why should a business develop an app if the network and users aren't there? These concerns suppress the growth of mobile phones in the early phase.
ChatCPT depends on the existing network and existing clients for delivery so ChatGPT can make 100% of the investment required to bring their product to market which means they can avoid the two decades of waiting for the network and handsets to be there in order to motivate (C).
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Note another thing that younger people might never have noticed was that the US was far behind the rest of the world in mobile adoption from maybe 1990 to 2005. When I changed apartments in the US in the 1990s I could get landline service turned on almost immediately by picking up the phone. When I was in Germany later I had no idea I could go into a store in most countries other than the US and walk out with a "handy" and be talking right away so I ended up waiting a month for DT to hook up my phone line.
The mobile revolution needs three kinds of investment:
(A) The carrier has to build out a network
(B) You need to buy a handset
(C) Businesses need to invest in a mobile app.
The returns that anybody gets from investing in A, B or C depend on the investments that other people have made. For instance, why should I buy a handset if the network and the apps aren't there? Why should a business develop an app if the network and users aren't there? These concerns suppress the growth of mobile phones in the early phase.
ChatCPT depends on the existing network and existing clients for delivery so ChatGPT can make 100% of the investment required to bring their product to market which means they can avoid the two decades of waiting for the network and handsets to be there in order to motivate (C).
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Note another thing that younger people might never have noticed was that the US was far behind the rest of the world in mobile adoption from maybe 1990 to 2005. When I changed apartments in the US in the 1990s I could get landline service turned on almost immediately by picking up the phone. When I was in Germany later I had no idea I could go into a store in most countries other than the US and walk out with a "handy" and be talking right away so I ended up waiting a month for DT to hook up my phone line.