The Ledger
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Kolicich: AI will force the legal industry to abandon billable hours
“That's gonna be, law's gonna be fully transformed. From really the bottom up. Like, their whole business model will have to shift. So you'll have to move from today law is sold per hour. You're gonna have, hours don't make any sense when it's agents doing work…”
Kolicich: Software's future is forward deployed engineers feeding context to LLMs
“And so the like super long-term world is it's all Context to the LLM. It's all requirements. It's all standard operating procedures, which is what FDs do. It's all changing the way people of the business operate, which is an FDE job. And that's the future of s…”
Kolicich: AI Capital Expenditures Currently Represent Only 3% to 4% of GDP
“Now in AI we're investing, like, three percent or four percent. It's like, it's not even yet on the scale of the industrial revolution.”
Kolicich: AI investment at 4% of GDP lags historical industrial revolutions
“If you look at the Industrial Revolution in Russia in the early 20th century, I think investment as a percentage of GDP got up to 20 or 25%, and then China was investing 40 or 50% in their industrial revolution of GDP, and now in AI we're investing, like, thre…”
Kolicich: 95% of Incumbent Software Companies Have Not Launched AI Products
“I've thought for a long time that would rally because you'd have existing incumbent businesses launching AI products, and you'll see that they have data gravity and they have workflow, workflow gravity. They're a great channel to sell AI to their businesses, a…”
Kolicich: Frontier AI capabilities will advance while trailing capabilities get commoditized
“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.”
Kolicich: Frontier AI Companies Are Fastest-Growing of All Time
“And by the way, hold on, they're also the fastest growing companies of all time.”
Kolicich: Augment's AI Agent Augie Handles 90% to 95% of Cases Autonomously
“Augie can handle maybe 95%, 90% of cases. And when things get challenging or doesn't know what to do, it can hand off to a human.”
Kolicich: NVIDIA is trading at around 25 times forward earnings
“NVIDIA is like 25 times forward earnings.”
Kolicich: AI will create massive wealth and could be massively deflationary
“I think it's going to be incredibly disruptive, but positive, create incredible amounts of wealth. You know, a lot of Sectors are going to get much more efficient. There's like very bold cases where it's massively deflationary.”