Bill Gates' 2007 definition of platform economics still defines today's AI hype
Chamath Palihapitiya recalls a 2007 meeting where Bill Gates challenged Facebook's platform definition, arguing a real platform lets third-party creators earn more collectively than the platform owner. Palihapitiya draws a parallel to current AI tokenization trends, suggesting today's AI industry mirrors that same flawed thinkingโbuilding extractive systems that claim to be platforms while concentrating value at the center rather than sharing it with participants.