Foundation Model Companies

“Some of them might, will be great investments, because I do think the foundation model companies, once the public will be acquirers of some of this stuff for time expansion, but they won't all be great investments.”

“I have a near 100% belief that the, that these companies will eventually want to compete with my business. And so, you know, I need them. I need their models. I need the intelligence that they're selling, but I'm, I have some very real concerns that, you know,…”

“Because, let me be clear, if you know the answer to that question, that one question, you know the answer to the entire direction of the U.S. Stock market for the next two years. Because all the hyperscaler RPO, all of it, is a function of the commitments they…”

“I think it all just came down to one thing and I'll stop the monologue is the fact that I rather live in a world that has a hundred foundation model companies than a world that has five. Even if I was one of the five. And the smallest and most meaningful contr…”

“We've got a small window before models are Really impacting recursive self-improvement to a level where catching up otherwise might become unfeasible.”

“No doubt it's going to be better in your own harness. And it's just because of like, where are you putting your reinforcement learning compute, right? You're putting your RL and your synthetic data. You're putting it to your own harness because it's the one th…”

“The truth is they are the apex predator of this distribution. They are the guys who have taken the value, the delta value, and probably will continue to do so under those forecasts.”

“Always my mental model is like, there's a few markets that are like the foundation model companies have to win or like big enough to go after. And it's probably like consumer code and that.”

“You've got big foundation model companies are out there buying the slack instances of failed startups to get more data.”

“Because look, the truth, even when the crunch comes, the foundation model companies make it. Because they, they're on top of the heap. They have the high intellectual property asset, right? They're going to make it.”

“Between the US and China right now, there's like a dozen primary foundation model companies. Companies that are like at scale at some level of like critical mass. It's not going to be a dozen in three years, right? Like it just because these industries don't b…”

“We haven't seen the same kind of model companies crushing startups in like video or audio or other things.”

“If you're directly in the path of what the big model companies are building, you have to be a lot more opinionated about how you package the model and how you deliver an output, and hopefully you do it for a specific type of user that's willing to pay a lot fo…”

“I think they will be more revenue generative than the foundation model companies in the next two to three years, as they often are in early stages of kind of cycles.”

“The models are becoming so good that if you try to build a company that is light, that is not a hard problem, the foundation model companies are going to eat you.”

“I think the market structure will end up sort of like cloud for the models where, you know, cloud costs for the average end customer are fine. And, you know, cloud's an oligopoly and they make high profits. I think the model companies, you know, that serve API…”

“I'm not yet convinced that gross margins in our industry will look like a SaaS company, like 80% plus. I think when we're talking about a commodity as intelligence, that we build value added services on top. Right. It's a foundation model company. On one hand,…”

“Foundation model companies are, in some cases, they are hiring, they're actually hiring human experts. To generate new training data. So they're actually hiring mathematicians and physicists and coders to basically sit, and, you know, they're hiring human prog…”

“I think we are one or two months away from a possible news cycle. That is the foundation model companies have spent billions of dollars in capex and hired like crazy. And now, you know, they're no longer the best in this realm and there's a huge stampede away …”

“Policy cannot catch up. Like the hardest thing, honestly, that we face right now is even if you're like a PhD in AI working for one of the foundation model companies, you can't keep up with the pace.”

“I would agree that more of the Comfy UI use cases are starting to be eaten away by kind of the core foundation model companies.”

“So I think that that is part of what really helped lock in this oligopoly structure early is you had enormous capital scale going to a handful of the best players through these cloud providers. And so the venture capitalists would put hundreds of millions of d…”

“The model's commoditized. And I think the foundation model companies are at most at risk.”

“The venture capital industry is just too small to actually be able to support the next round for these companies.”

“There is, there are one or two companies. In there that will make their venture investors a lot of money and the rest of them will cost their LPs and GPs a lot of money.”

“I think that there's only going to be five or six foundation model companies in the world in three years, five years. I think it's going to be us, Nvidia, Google, Microsoft, OpenAI, and Meta, and Apple probably are the ones that train these models.”

“I think, you know, a lot said in a tweet yesterday, we're going to have four or five companies that hit chat GPT four level this year with their models. I think that's exactly right.”

“I think that there's only going to be five or six foundation model companies in the world in three years, five years.”

“I think that there's only going to be five or six foundation model companies in the world in three years, five years.”