AI market

“I think we are in a bubble.”

“I actually think the AI market commercially will play out like the cloud market did over the past 20 years.”

“Everyone's over-investing right now into this cycle, and because none of us can miss, whether it's the large incumbents, Or us as venture investors back in companies.”

“When you're spending half a trillion dollars in advance of revenue, at some point in the next two or three years, there'll be at least one scary moment. Right. And that could be actually an interesting opportunity to invest, but it's hard to believe it's up an…”

“This is like, this isn't like, this is like 1999, except it's not going to implode on us in, in 12 months.”

“They've been willing to say, let's spend in aggregate six hundred billion of capex per year on a market that today, depending on how you add up all the revenues, is yielding 30 to forty billion dollars in revenue.”

“Right now, people are making more money than they're spending. It's just very lumpy. As an aggregate. Plenty of people are gonna lose their shirts, but overall, less money is gonna go in than is gonna come out.”

“One of two things is going to happen in the next five or seven years, right? Either A, you know, you are going to see pretty profound productivity changes. You're going to see companies like OpenAI literally being two to three hundred billion dollars in revenu…”

“I think that's an area that, that's profoundly under-invested in.”

“There will be companies that are real that come out of this. There will be a lot of giant failures. There'll be money flushed down the toilet on stupid companies.”

“There's like 10 players around this big chessboard, and they're extremely powerful, and each of their moves affects the other people's moves, so it's kind of recursive.”

“Like I think the winners and losers are going to be decided in the next couple of years, right?”

“For the record, I don't believe we're in that period, but I do think that any time you have this sort of superheated markets, you have some distortion, okay?”

“I think, like we said earlier, there is a bubble to this thing. But I also think it's, it is, like, it is life changing. Mean AI is changing the way that you can interact with technology. So I do think it's important that you build for speed and you go fast. B…”

“I do think there's parts of market that is actually quite frothy. For sure. There's a lot of capital going in, there's a lot of excitement.”

“Coding is the fastest adopting market. It's the highest ROI market. It's the mother load, right?”

“I think that what I am less concerned about is a, Like, 2008 style financial crisis or massive bubble or asset crash. I think that that seems disconnected from the true reality of where this technology is and is going.”