Top Analyst Says AI Is $20 Trillion Opportunity, Not Zero-Sum Game As Google Versus OpenAI Debate Heats Up

Despite contrasting market narratives declaring one AI giant the victor over the other, IO Fund lead tech analyst Beth Kindig argues that the sheer scale of the artificial intelligence (AI) economy ensures there is ample room for both Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and OpenAI to thrive.

$15 Trillion Pie

Speaking in a recent interview, Kindig pushed back against the “winner takes all” mentality that has plagued tech investment sentiment.

While Google was initially “written off” before soaring, and OpenAI has faced its own scrutiny, Kindig asserts that viewing these companies as direct, zero-sum competitors misses the larger economic picture.

According to Kindig, AI is projected to impact global GDP by approximately $15 trillion to $20 trillion. With a total addressable market of that magnitude, the industry can support multiple winners simultaneously.

The battleground, she notes, is moving beyond simple consumer search. The real value lies in “embedding the large language model into as many applications and enterprise workloads as possible,” a race in which both tech giants are currently securing major partnerships.

Meta's $60 Billion Surprise

Beyond the Google-OpenAI rivalry, Kindig highlighted Meta Platforms Inc. (NASDAQ:META) as an overlooked powerhouse in the sector. Despite previous skepticism regarding CEO Mark Zuckerberg's focus on the Metaverse, Meta has quietly become the second-largest generator of AI revenue, trailing only Nvidia.

Kindig revealed that Meta currently boasts a $60 billion run rate on its AI revenue. She suggests that if the company continues to pivot resources away from Reality Labs (AR/VR) and doubles down on AI, the stock remains a “buy soon,” having matured significantly since its previous market crashes.

Solving Power Bottleneck

The interview also touched on the physical constraints facing these software giants: energy. With the electrical grid stretched thin, Big Tech is increasingly tasked with building its own power infrastructure.

Kindig pointed to Bloom Energy Corp. (NYSE:BE) as a critical beneficiary of this trend. Their solid oxide fuel cells offer on-site, off-grid power generation that can be deployed within months, solving the immediate energy needs of the rapid AI expansion.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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