AI Is Turning Big Tech Into a Commodity Business

Podcast: Know Your Risk Podcast · Know Your Risk Radio

Opublikowano: 2026-09-22

September 22, 2026 — Big Tech built some of the most profitable businesses in history on network effects, enormous margins and powerful competitive moats. Zach Abraham argues the AI arms race may be changing that economic model. As Meta, Google, Amazon, Microsoft and others pour extraordinary amounts of capital into AI, they're increasingly competing directly with one another for the same customers, compute and products. Zach explains why that could mean more spending, less pricing power and a business model that begins to look surprisingly similar to a commodity producer. He also discusses today's market action, international valuations, the latest moves in oil an...