Blackstone says Wall Street is complacent about AI disruption

Building an AI-powered SaaS right now and the cost economics are wild. 18 months ago, running GPT-4 on every user interaction would've bankrupted most startups. Today it's $10-20/user/month and dropping. this is the disruption curve Blackstone is talking about. Once AI becomes "cheap enough," entire business models flip. Industries with high-margin knowledge work (finance, consulting, law) are sitting ducks. Wall Street sees the tech, but underestimates how fast costs drop + capabilities improve. We're in the iPhone moment of AI.