“The bad news is that AI appears likely to further level the playing field in a manner that the internet started: Great thinkers will be able to leverage the internet and AI and win globally, regardless of what brand they are affiliated with…what corporate incumbents in the west will thrive and which will be subsumed by AI-enabled startups? Expensive western cities with artificial competitive moats are likely to be economic and political losers in this environment (NYC, LA, SFO, Chicago, London, Paris, etc.) – early signs of this trend already exist if we look objectively.”
Luke Gromen, FFTT, August 15, 2025, Tree Ring 10.