LLM Startups

“My worst performing asset in 2024 is LLM startups. I believe they've been massively overvalued, and I believe open source is making an incredible run at them, and I think they're going to hit parity, and there's too many players... I think they're all going to…”

“Again and again, what you see, and I think a lot of this for new companies kind of leveraging large language models to build products is that focus on a constrained market to start is the way to win.”