Om Malik has written a very compelling post about what he calls the Internet of AI. Part of the post is an explanation about what AI actual means from an overall technology perspective. Here is a valuable summary:
The right historical analogy for what is happening with AI is not Web 2.0 or the cloud. It is the railroads of the nineteenth century. Railroad operators understood the freight cars were not where value lived. The value was in owning the rails and everything around them, including the land. Owning the rails meant controlling routes, latency, geography, redundancy, and the cost structure of every customer who depended on the network.