Model Companies

“When AI just came, there was a, companies were a lot more afraid of getting their data outside of, you know, their own control and model companies training with, you know, with their data. But that sort of is a fear that it's no longer there. Like, you know, l…”

“Are the model companies going to have come some kind of, you know, oligopolistic power over the tech industry, or is this going to be commodity infrastructure with, The value being somewhere else to which I think the answer is it's commodity infrastructure, bu…”

“And so it does sort of seem to me that like, if the chatbot isn't the UX and it needs to be apps and the model companies aren't going to build that. And the models themselves are basically commodities, as, at least as you can see them as users, then why would …”

“The model companies are adding more than the entire public software universe in terms of revenue added, you know, combined.”

“Structurally, because of the way the models work, because of the financial incentives of model of model companies to like make them compliant and aligned structurally, they're always going to be trailing behind those people who are taking, taking the models an…”

“I do think there is still a lot of workflows and use cases where, like, the last one percent or the last two percent ends up being, like, a significant portion of the value, and I think for those, it's unlikely that the model companies will go all the way ther…”

“The model companies have to run up the stack away from just providing a pure model, because the model is commoditized. It's really everything they build around the model that is a solution that they're going to try to build value off of.”

“A lot of firms miss the model companies early, and we're guilty of it.”

“So I think you're going to see this trend where In at least certain domains, the big model companies are pushing the frontier in certain areas, and then everything in the wake gets commoditized.”

“Like, I tend to think that because people have put tens of billions of dollars into the model companies, they're a little bit naive about how much of a commodity they are in certain areas. I'm not saying they're all not worth a lot of money.”

“Because of the amount of venture capital out there companies are not pricing the cost. Like, no one, none of the model companies, I don't think anyone, even in the verticals, like, no one's pricing the cost, because they're pricing to take market share.”

“Well, I think the model companies will be like ridiculously big, but I don't, you know, from an alt perspective, you know, we're not investing in them.”

“But as you can see, you are seeing like these model companies actually going up to the app layer too in whatever apps they see are like valuable to them.”

“This is why I think Like model companies are not guaranteed to win the application layer because you have to work on all these boring things.”

“So when we talk about the model companies, my feeling has been, and by the way, I've been wrong. If you look at the valuations of these businesses but the investment that you have to make versus the payoff you get, and then the fact that you have to make that …”

“Yeah, I think that's probably the correct direction. And I think one that, that, that model companies will have a hard time with, right? Cause I think they need to have kind of one model to rule them all or directionally that's where it needs to go.”