AI confers an advantage on first movers. AI learns, and the sooner it is deployed, the sooner it can begin to learn. The more it learns, the better it gets in terms of prediction accuracy. The better it gets, the more effective the new system is. The flywheel begins to turn. This flywheel explains why some in the venture capital community are investing so aggressively in seemingly nascent AI projects.
– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb