AI foundation models

“Because there is no doubt this is more important than five G.”

“These are strong words, but I think they're getting commoditized until the next big innovation comes and you allocate some more value to the model.”

“That might happen. I think that's a very serious possibility, and I think this is actually one area where regulators should be paying attention. You know, what does this mean for market concentration, antitrust, and so forth?”

“I, you know, I think that ultimately the model layer, and I think this is not a hot take anymore. I've been saying it for a few years, but I think it will become commoditized. I think that a lot of value will accrue at the hardware layer especially And we coul…”

“If you are doing something at the very edge, I mean, I definitely am constantly trying to advise founders and encourage founders to think about what the models might do in six months or nine months and start to chart there.”

“Building applications on top of these models becomes, it is a lot easier, and you can go from zero to one, and you can be more nimble than even these labs that are gonna all have, like, you know, tens or hundreds of millions of users, and you have to move slow…”

“Foundation models can be distilled relatively quickly. When I was on your show last time, I talked about how foundation models were sort of going to be the fastest depreciating assets in human history, like weeks. It's almost days now.”

“The reasoning capabilities matter a little bit less. I would say the models as they stand today are generally good enough at solving most of the meaty inquiries in customer service. I think it's like, instead of reasoning, it's more about instruction following…”

“We fully changed our mind. I think there's going to be application software companies built on top of models in pretty much every direction.”

“And the capital intensity for every dollar of run rate revenue, it probably takes four or five dollars of CapEx to support that, right?”

“These markets are never dominated by one player. There's going to be an alternative.”