The rise and fall of Kodak perfectly explains what's going on with AI in the world.
Kodak. 1970s. Making money hand over fist.
They're the dominant player in the physical film industry with 90 percent of the market.
Every movie, every photo, even TV shows, they all use film.
One of their engineers has a groundbreaking invention.
A camera that can capture images digitally rather than film.
The engineer brings this to Kodak's executives.
He thinks they're going to be so excited.
The executives have the opposite reaction.
This is going to ruin their business.
They're scared.
They bury this new technology.
Other companies - Sony, Canon, Nikon - begin to innovate.
The market slowly starts to shift.
Early 2000s, the shift to digital is heavy.
Kodak is trying to catch up.
By 2012, they file for bankruptcy after years of declining sales due to the technology that was their own invention.
And if you see parallels with this story and what's going on today, that's because we are seeing it with many companies and artificial intelligence.
#ai #artificialintelligence #technology
Kodak. 1970s. Making money hand over fist.
They're the dominant player in the physical film industry with 90 percent of the market.
Every movie, every photo, even TV shows, they all use film.
One of their engineers has a groundbreaking invention.
A camera that can capture images digitally rather than film.
The engineer brings this to Kodak's executives.
He thinks they're going to be so excited.
The executives have the opposite reaction.
This is going to ruin their business.
They're scared.
They bury this new technology.
Other companies - Sony, Canon, Nikon - begin to innovate.
The market slowly starts to shift.
Early 2000s, the shift to digital is heavy.
Kodak is trying to catch up.
By 2012, they file for bankruptcy after years of declining sales due to the technology that was their own invention.
And if you see parallels with this story and what's going on today, that's because we are seeing it with many companies and artificial intelligence.
#ai #artificialintelligence #technology
- Category
- Artificial Intelligence & Business
Post your comment
Up Next
Autoplay
-
03:41
AI Masterpiece: Travis Scott ft. Kodak Black Remix Unleashed by Artificial Intelligence!
-
24:51
Why AI Is Having Its Moment Right Now
-
15:36
AI Music Just Had Its ChatGPT Moment (Udio & More)
-
19:49
OpenAI’s First Investor On Why Robotics Will Have Its AI Moment Next
-
00:34
Inside Kodak's Secret Lab at Pinewood Studios
-
41:21
AI and the future of humanity | Yuval Noah Harari at the Frontiers Forum
-
13:10
Can AI really save the World? ft. Bill Gates
-
00:36
Asking Sophia, Hanson Robotic’s human-like AI robot, to show her range of emotions.
-
01:00
Man WRONGFULLY Arrested Using AI #shorts
-
00:20
Robot Attacks Factory Worker! #shorts
Comments