AI market

“The GLP one hype cycle is as overextended as the AI hype cycle.”

“There's Four or five big foundational models, and then there's a bunch of small vertical use applications that you use, depending on what the task is.”

“Infrastructure providers and app builders. That's my best guess of where money gets made here.”

“The bigger problem you'll have is legislators trying to clean it up on the back end, where there'll be these third parties that will go and take these models and show that these biases exist. They'll exist on both sides. And then laws will get passed. Whole ma…”

“Cross-sectionally, if you look at the valuations for all these AI names, they just, they can't all be accurate... The AI market is cross-sectionally inefficient right now, which is what I was trying to say.”

“I think the equivalent on the hardware side is there's going to be multiple chip vendors. There's also going to be multiple clouds. There's also going to be multiple models that run on the clouds.”

“The market today seems to be pushing towards duopoly, or it has become a duopoly, certainly measured in terms of revenue. If you were to look at market share based on token revenue, there's only two companies making meaningful revenue. Anthropics at, what, six…”

“With the dot-com boom, it was all, like, metrics that weren't dollars. What we're seeing now is revenue and profits and growth. In revenue and profits that we've never seen before. And that's kind of the anthropic story. It's the data center, infrastructure, n…”