AI venture dollars and iPod sales, on opposite trajectories. The technology that began the platform decade ended it. The technology that ended it inherited the funding. The handover was less of a meeting and more of a fade.
Global private AI investment grew from a few billion dollars in 2015 to over 90 billion by 2022 as transformer-era models and the OpenAI funding wave reshaped the venture landscape. iPod sales fell from over 50 million units in 2008 to fewer than 5 million by 2014, with the line discontinued in 2022 as smartphones absorbed every function the iPod had ever served. Two unrelated technology lines sharing a window because the same period quietly transferred the consumer-tech excitement from one product category to another. Money likes a new shape.
Capital migrates between decades. The iPod ended; the model began. The dollars knew where to go.
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Want to learn more about why correlations like “iPod units sold” vs “Global private AI investment” don't prove causation? Read our guide to statistical thinking.