My takeaway here: 3.XT $ of US salaries are the TAM for AI companies. Apple, a very successful company, makes 300B/y revenue? (ish) ~10% is all you need to be Apple. And, it can work by taking all of 10% of the jobs and collecting the whole salary (the AI employee -- dubious proposition), or by taking 10% of everyone's salary and automating part of everyone's job (the AI "tool" -- much more plausible). If "part" bein…
"TAM" = ?
Frequently seen as a big fun number in pitch decks. "The TAM for our new Coca-Cola killer is $1.6T: all humans who imbibe liquids on a regular basis. You simply MUST invest."