THE WAIT EQUATION AND AI INVESTMENT

Summary from the TLDR newsletter

The wait equation evaluates whether it is more advantageous to launch an interstellar mission immediately with existing technology or delay until advancements enable faster travel. The same idea applies to investment in any fast-changing field. A build vs buy decision is not as simple as looking at vendors and deciding whether their cost is less than the cost to build. Sometimes, the market will eventually produce a solution that meets your needs.