The method of invention, AI's new clock speed and why capital markets are confused

Welcome to Exponential View, the show where I explore how exponential technologies such as AI are reshaping our future. I've been studying AI and exponential technologies at the frontier for over ten years.  Each week, I share some of my analysis or speak with an expert guest to make light of a particular topic.  To keep up with the Exponential transition, subscribe to this podcast or to my newsletter: https://www.exponentialview.co/  ---  In this episode, I reflect on the third anniversary of ChatGPT's launch as a marker of where we are in the exponential age. As a product, ChatGPT captures the speed of technological progress, the new behaviours emerging around it and the widening gap between innovation and institutional change – all symptomatic of the era I called the exponential age in my 2021 book.  I cover:  (00:09) How ChatGPT became synonymous with AI  (01:41) The rise of the reasoning model  (03:53) Why NVIDIA's chip cycle is exponential  (05:53) How general-purpose tech changes everything  (07:59) The subtle power of building bespoke software  (11:46) The iPhone calculation that breaks everything  (14:53) Who profits from a general-purpose technology?  (16:38) The software market example  (20:07) Are we headed towards another .com crash?    Where to find me:  Exponential View newsletter: https://www.exponentialview.co/  Website: https://www.azeemazhar.com/  LinkedIn: /azhar  Twitter/X: https://x.com/azeem  Production by supermix.io and EPIIPLUS1  Production and research: Chantal Smith and Marija Gavrilov. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.