The Ledger, every show

“You're not going to switch from ChatGPT to DeepSeq. It's a product. It's not a model.”

“What is happening right now is that it's the Chinese companies that are publishing their work. And what then happens is all the universities, all the students and professors in our country are looking at their work and figuring out how to build on top of it. A…”

“So from a macro perspective, I would say that that is actually a positive because Mistral is going to figure out how to reverse engineer all of this stuff, stuff, and go one step forward, which will be good for Europe. And Reflection will figure out how to do …”

“It's very clear that they're buying a bunch of business. That they don't have to worry about things like you know free cash flow. They have doubled the number of sales people that we have.”

“This just means that OpenAI and Anthropic need to understand that any kind of lead that they get is not going to be a long-lived one, and they really have to work hard and compete.”

“A new Quen model came out yesterday that is shockingly close to the best Sonnet model that there is from Anthropic.”

“I think it's more of, if somebody is very heavy in a seat-based licensing model, And someone else shows up that, you know, has a better product and is also cheaper. That's a very dangerous combination. I think those are the companies that are going to struggle…”

“I think what happened was the company was a little slow to reacting to changes from things like machine learning and AI. And that was a little bit of, honestly, the reason why Frank voluntarily pushed for the change, because he felt presently that we are heade…”

“But on the other hand, I think the line between what an agentic system like this is going to be and what like pure software is going to be will be absolutely is going to be bloody.”

“Google, for example, stopped that information. God knows I spent enough time trying to get into physical things like shopping or airline purchases or hotels. We didn't really succeed because we didn't have core competence really in some fundamental way beyond …”

“It will reinvent itself in the chat world.”

“The insight that powered Google was PageRank. It was a way of harnessing the power of the entire internet to figure out what was popular and what was not. But PageRank ran out of juice. Like in six years, like 2004 or five. And while Google never really liked …”

“And so part of the difficulty that Snowflake had with machine learning and AI was they brought a similar mentality. You're going to write a design doc. It's going to take us 18 months. It's going to be great. Opposite of what you need to succeed in iterative e…”

“In five years, in three years, if you and I want auto insurance, we are going to go to some conversational interface.”

“They can't make Gemini into a consumer hit unless it's 10 times better than ChatGPT, and that's a really tall order.”

“I expect us, me and the team, To drive way more revenue in new things we can do with Iceberg, then we are going to lose, potentially, by some of our storage revenue going out to cloud storage”

“OpenAI, I think, will be successful, not because they are always going to be the best and cheapest at creating foundation models, because they have a product experience that by some accounts has half a billion loyal users.”

“They were first to market. That was their sweet spot, and they've been good at it for a for a while. We were very much in in catch up mode. But AI is a much younger field. Didn't really exist, let's call it pre-ChatGPT. There, I feel incredibly confident that …”

“I mean, with a bubble bursting, as all bubbles do”

“I think Harvey is a great company. I don't think it's going to get disrupted by open AI.”

“On the consumer side, I know you disagree, I think ChatGPT is getting to be that entry point, and so if I were a betting person on the consumer side, To the extent that there are variations in models and specializations I think that'll include to the incumbent…”

“On the enterprise side, I absolutely see there being all kinds of specializations because so far in whatever the last 50 years, it's not the case that there's been an equivalent of Google search.”

“I think, like, our notion of reality is going to be subject to such a barrage of, like, fake and real signals that I think it's going to be a real problem for us to keep our heads straight.”

“And remember Google's lack of progress in generative AI like, you know, that's internally driven. Nothing stopped them from creating ChatGPT. They chose not to.”

“The blunt truth is that the very best of the models out there, whether it's GPT-IV or Claude's biggest model, are a clear step ahead of the pack when it comes to quality. When it comes to reasoning, when it comes to the quality of the text that they produce th…”

“For a lot of like known problems model size is not really going to be an issue and there's going to be an ongoing reduction both in the size and therefore the cost to serve them.”

“Asim, for example was just brilliant at engineering a system that ran completely on Flash in which we could do things like super rapid iteration, replace the entire index or the space of two days or put in arbitrary amounts of information for experimentation i…”

“I think what is going to happen is that some of the larger content creators, you know, I would put people like Reddit and Quora. These are some of the forward thinking ones very much in that bucket. They're going to say, we want to be part of search, but we do…”

“There has never been in the history of business, a company that has commanded 90 plus market share in a market that's like a hundred plus billion dollars.”

“And if you take the ads business team, and the ads product and engineering teams, they're way larger than the search team.”

“And in e-commerce, by the way, it's kind of well known that a marketplace can squeeze out between 15 to 20% of GMV. As the ad tax.”

“By the way, it is perfectly legal under current interpretations of antitrust for the entirety of a search result page to only have ads. It's perfectly legit.”

“What used to be three percent of a search result page being covered by ads, 10 plus years ago now gets closer to like 90 plus percent on some queries.”

“Whenever you are signed in across different Google properties, it was always the it was always okay for that information to get moved around to show you ads. that was always part of the equation.”

“It's terrifying for us to do that today when Chrome keeps popping up warnings such as, hey, do you want to change your default back?”

“We are seeing 10 X, not 10%, 10 X reductions in the amount of time that it takes to debug complex cases that come in.”

“I think that is going to be a concentration towards platform players.”

“What is pretty remarkable about this moment is that there is more demand for AI and AI products than people can reasonably produce. That's the reason why there is so much investment in things.”

“I think they have absolutely a lot of value, but there is also going to be a lot of disruption for many applications as we know it. What happened in the first decade of the cloud computing revolution Is that things like enterprise SaaS software had a Cambrian …”

“He went to the board and basically said, if we are going to bet on this guy, we just bet on this guy. No, no halfway.”

“And we are headed into a world of agents that are going to be spewing out even more telemetry information about are they working well or are they not working well. Lots of complicated pieces interacting with each other.”

“Coding agents are particularly interesting from this perspective because it is very clear that both Anthropic and OpenAI are going to be laser set on having the best one best one that there is.”

“Among the earliest places where this went to work was in our relationship with Microsoft, which was okay, but not that great because they had a one P relationship with Databricks. And they're always kind of conflicted about is fabric the answer or snowflake th…”

“You'll be shocked to know that there are queries that have 1502 thousand dollar RPMs, which means Google makes one or two dollars every time you or I, like, a user types the word auto insurance, words auto insurance into search.”

“The net of this is that we have thousands of deployed production use cases on our AI products.”

“The world of inference, not foundation models, the world of inference is going to go through so much change this year, both in terms of GPU availability, which is easing up quite a bit, But also in terms of people like Grok, I think the one with the K or the Q…”

“I don't think software engineering is going to disappear anytime soon.”

“Which was the last company that you heard about that got to five hundred million you know, users without really, like, paying for advertising in recent years? Like, That's not a social network. Like none.”