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Blackstone Warns Wall Street Underestimates AI Disruption Risks

Blackstone warns Wall Street underestimates AI's impact

From Hacker News Original Article Hacker News Discussion

The cost of running AI models like GPT-4 for SaaS applications has dramatically decreased, making AI-powered products much more affordable and accessible for startups. This rapid cost drop is poised to disrupt high-margin knowledge industries like finance, consulting, and law.

Why it matters: AI costs have fallen from prohibitive to $10-20 per user per month, enabling new business models.

The big picture: This shift mirrors the "iPhone moment" where technology becomes mainstream and transformative.

The stakes: Established industries risk disruption as AI makes high-value knowledge work cheaper and faster.

Commenters say: Many highlight the rapid pace of AI cost reduction and warn traditional sectors are unprepared for the coming disruption.