The Ledger, every show

“You gotta give credit To the China market for letting this thing up in the air. And learning to test it, and that's like a huge thing, because like, I don't even know where, you'd have to go to like White Sands, New Mexico to test something like that in the US…”

“That is actually true even in the world's most largest proprietary software company.”

“The interesting thing is for each of those, they didn't sell like the first people to buy minis weren't the people who bought all the mainframes. They were all the people who didn't buy the mainframe. And for the people who bought, like, the PCs, they weren't …”

“Well, the first thing that occurs to me is that it's not a smartwatch.”

“Going back historically, like things that were killer apps are always like in hindsight. Like, it's not like you knew right away that your PC was going to be good at making greeting cards or balancing your checkbook. It took decades for those things that, that…”

“The wave of skepticism is really fixated on this, to me, on this notion that the watch needs to do everything the way that your phone did it. And so, like, that, that problem is that is never how a new device category evolves. Like, in fact, it, by definition,…”

“Everybody wants to move to cloud, they don't know what that means, and so they're very quickly virtualizing the servers that they have laying around, and I'm a big believer that that's just not a useful, a good use of time.”

“I think the next generation of pictures are going to have your car keys. They're going to have your house keys. They're going to have your wallet. They're going to have your ID for badge.”

“Slowly what's happening is now software is replacing money in that regard. And so every company is just at its core going to end up being a software company.”

“Cross-platform has always been this, like, dream of programmers, an empty promise from our industry, you know, and a nightmare for customers.”

“The innovation that's taking place in software on the PC is on, on a decline, and the innovation that people are starting to pour into the mobile devices, primarily phones, and something that's going to obviously change over time when you see things like Adobe…”

“The laptops that people have, they're just not getting carried around at all anymore. And so in a sense, laptops have become desktops.”

“That math is very much a leading edge indicator of what the market might be interested in.”

“Three years ago, I tried to get Cornell to use AI in, in freshman writing. When the first, and they just stopped talking to me.”

“We're really on the cusp of a wave of apps. And like the fact that now you can apply capital without also being a recruiter for 10 years and have output, now all of the world that's unserved by software, which is literally all of it, like everybody who complai…”

“The only incumbents are only interested in what the other incumbents are doing. Microsoft is worried way more about what Amazon and Google are doing than anyone in a startup space.”

“One of the things that happens in technology shifts is nobody understands exponential when it's happening.”

“And in fact, many, many of the newly announced, you know, headless agent APIs are just look up. And they're just, you basically have a new interface to the old way to look something up.”

“The most sticky thing you could do is actually collect money from a customer. And if you're collecting money, it turns out it's really, really hard for them to stop sending you money.”

“General Motors isn't going to displace like 600,000 seats. Because of the calendar or some crazy thing like that.”

“The software that runs all state is older than me. And it's not going anywhere.”

“In enterprise software, the two most frequently used features exist in no enterprise software natively. It's export to Excel and export as CSV and or PDF you pick.”

“When we get through sort of the One point O version of this. We're going to get to a new version where people are like comfortable letting AI do or decide things because they realize it's adding a level of predictability and repeatability to their enterprise.”

“And I think that, that AI is the first thing to come along that really taps into that unstructured information in a company.”

“AI might be the first time that inside a company search can actually provide immediate value.”

“And I, last I checked, there are way more lawyers today than there were 30 years ago, and they all are, every human lawyer you talk to is a computerized lawyer.”

“Where we are with agents is just at this step where you think you need 50 and the abstraction layer is such that we're dividing up in these really small pieces with one super smart person coordinating them all and pretty soon that, that whole thing is just gon…”

“Right now, you have to be an absolute, you have to be a rocket scientist and the growth marketing person to create 42 agents and spin them all up and do all of this stuff. But the rocket science part of it just Is going to evaporate in very short order.”

“Humans have been a bottleneck In tapping the past 25 years of software capabilities.”

“JP Morgan is gonna be the slowest, At doing this, and the startups are going to be the fastest, but the delta is huge, but even the startup one is a little far off, because even startups do need some systems of record at some point.”

“Also don't, I keep thinking, do not discount the local compute engine as being a release valve for all of this.”

“First, like the startups are going to burn through available capital pretending like it's not a problem. And they are going to do that.”

“And a lot of big companies are going to be so terrified. They're just going to freeze and not do anything. And then people are going to actually start buying it on their own.”

“The thing is, is this is all going to go away. There's absolutely no doubt that this just goes away.”

“The reason that Apple products are what they are is because they don't see this line that people saw in the eighties or the nineties with the WTO of manufacturing is, you know, rural people on a bus doing the same operation, 12 hours at a shift, and then smart…”

“And actually, all the things you just cited, like the Galapagos Syndrome and the making things only for the Japan market, Not being welcome to foreign direct investment were probably the reasons why Japan is not the leader in electronics today.”

“And so I think we need to, like, pharma is the most strategic and important one that we need to build up, because it's the one that also, we had the highest safety standards in the world for leading it.”

“This, you know, this is like Intel with the GPU. Like they missed the GPU. In 2005. Right. And they missed the opportunity to buy the company, to do the work or whatever, and they kind of missed the data center too. It just took a longer time to figure out tha…”

“People always talk about like the brave, it's like their computer business was Dead, dead, dead. Like there was, it was like three percent share and going nowhere. So like it was like a Hail Mary. The iPod was a Hail Mary.”

“Huge numbers of these verticals are just going to be existing pro serve that turn into software providers.”

“Well, Unix is going to prove to be right, which is like, you're going to ha, you're going to want to break things up into much smaller granularity and tools.”

“In, in, like, in 1989, like, Hinton couldn't get funded trying to do neural nets.”

“Like there's only two truisms about corporate M&A. One is it literally, it, you provably a net destroyer of value.”

“And the interesting thing is big companies make the wrong potential bet. 90% of the time.”

“The most exciting things that are going to be going on in the near term are in the tooling to enable the platform.”

“We're at the 64 K IBM PC era of the microcomputer.”

“So what we're going to see is a whole different set of errors in business writing or academic writing in schools that just replace other errors that have always creeped in.”

“Can they transform the way they think to something new? Because that's really where the disruption is going to happen.”