AI

“So like we're increasingly not limited by the architecture of the technology. And now we're just limited by like, can Jensen make these things cheaper? Can the, you know, can the engineers at open AI have more efficient model algorithms?”

“When I think about what's going to happen here, I can absolutely see sometime over the next four quarters, we're going to hit a zone of disillusionment because everybody's pig piled in here.”

“I do think the text has kind of been solved and everything's kind of been scanned. And I think the next steps not Linear or super linear. I think it's going to be a little bit of a find.”

“Their video engagement was up 25% year over year, which is just like hard to get your head around. There's only one way to do that. That's through the application of AI.”

“I don't think there's a totally, 100% classic innovator dilemma issue with the move to AI with Google. I think on the other end of this the business model could be as good, if not better.”

“We're going to hit a zone of disillusionment where you have a mismatch between supply and demand, and then all the skeptics are going to say, I told you so. The internet's a fad. AI's a fad. Mobile's a fad. It happens in every super cycle. We're going to use t…”

“Basically, because of AI, they've been able to backfill that monetization completely. Nobody thought, no investors thought that was going to be the case 18 months ago. So their core business got a lot stronger.”

“We've also talked about the fact that when you move away from coding, the efficacy drops a bit in terms of the productivity gain you might get.”

“And so, if Washington wants to get serious, it needs to be an integrated, right, national policy. You can't fix AI without also taking on our future energy needs.”

“You know, our belief is that they will. We think they will beat those forecasts because we do see that real acceleration coming out of AI.”

“I think one of the key drivers over the course of the next several years in tech is going to be these expanding margins caused by you know, the tool set that they're investing in around AI.”

“I would argue less than 24 months will appear to be silly. I think there's some really interesting investments to be made particularly in the public markets because a lot of these incumbents have incumbent advantages and, you know, they're going to accelerate …”

“A lot of people ran out and invested in Ash Cheeves and Alta Vista and Lycos and excite and name all the companies that a few years later would go to zero. And it's almost certain that that will also happen in AI.”

“I don't think you can simultaneously have people get re-optimistic about software and the hype cycle of AI to continue at the pace it's been on, because I think they're at odds with one another, because the most glorious statements about what AI is and can do …”

“The problem I have with the first one is simply that, you know, my entire time in, in technology, like, these tools are competitive weapons. But if I get armed with them and my competitor gets armed with them, it doesn't necessarily increase. It doesn't create…”

“The productivity gains to come out of that are undeniable, and I think there's reason to believe that the productivity gains we're gonna see here are at least as big.”

“Put me in the camp. Again, I don't know the time series, but I do think that we're on a path toward human replacement, not just augmentation. Now, I think those folks in this period of dislocation will get consumed in other tasks, so I don't think this is a ne…”

“If the 1400 number of private unicorns that are the result of the age of access is a problem, it's not clear to me that we're doing anything different in AI. Aren't we doing the exact same thing? So couldn't we end up with the exact same result? We just said f…”

“I don't think this replaces all software. I don't think people are going to be sitting around jobless and need UBI. I don't think You know, I don't think that, that all software just goes away. Someone said that this is the new operating system. I don't think …”

“Power is the primitive for AI, and that's why China is heads down in this race, and they're taking our technology, right, and they're, you know, they're improving it”

“A lot of people don't even realize that it takes AI to curate data to teach an AI. And that AI alone is pretty complicated.”

“The part that is overlooked is when companies become more productive, Using artificial intelligence. It is likely that it manifests itself into either better earnings, or better growth, or both. And when that happens, the next email from the CEO is likely not …”

“There must be a concept of fast thinking, and slow thinking, and reasoning, and reflection, and iteration, and simulation, and all that and that now it's coming in.”

“A model is an essential ingredient for artificial intelligence. It's necessary, but not sufficient.”

“The one thing that I know is that, that AI's, AI's gonna have a roadmap of capabilities over time, and that, and roadmap of capabilities over time is gonna be quite spectacular. And along the way, long before it even gets to anybody's definition of AGI, we're …”

“The real answer is the companies that don't deploy these things are going to go out of business. And so I think margins get competed away in many, many cases. I think it's ridiculous to imagine, oh, every company goes to 60%.”

“When you look at span of control in companies, right? There are some companies, you know, that still have, and that's the number of employees per manager, right? So you can imagine that will widen, you know, because AI will allow you to, you know, have more pe…”

“I just think this is the beginning of a drumbeat that we're going to hear for a decade.”

“You know, I think we're entering that, that what could be a really golden era where there's market leaders extend their lead, where their margins expand.”

“If the cost Of a five percent error or a 10% error is super high, it's going to take AI a long time to get there. I would argue programming is that way. You can't have five or 10%.”

“So I think of AI is the lean for knowledge work.”

“I think corporate America is investing more in AI and with more conviction than they did even in the internet wave also.”

“Cutting taxes, three to four hundred billion dollars a year is going to accelerate it. We are going to get efficiency and productivity gains from AI. Like these things are happening.”

“I mean, AI really within the next few years will be able to do any cognitive task. Like, it obviously begs the question, what are we all gonna do? You know, I'd say max three or four years. Maximum.”

“I've said that I think this moment that we're in the next five years is going to be a golden moment of margin expansion for technology businesses, and frankly, all businesses. Human productivity is going to go up, which means the cost to do exactly, you know, …”

“I think there's zero chance that you're going to stop China or somehow like I even, I use the phrase increase the gap.”

“All three of these countries are going to invest aggressively at a level that really no other sovereign on a global basis is investing at to ensure that this part of the world becomes a center for technology and AI.”

“The biggest problem was there just weren't that many people connected to a high speed internet. So all the things we dreamed of occurring were just inefficient to happen at that time. But what's probably even more surprising, Bill, is how dramatically we under…”

“My sense is that companies are generally going to get smaller, right on the backs of the productivity gains from AI, but they'll redeploy some of those profits into these areas.”

“These companies have an incumbency of sorts, right? They have data, they have customers, they have brands, they have IP, et cetera. But if they don't move quickly to re-imagine their businesses, given all this technology, they will be destroyed by new companie…”

“Oh, it's far bigger. It's far bigger. Yeah, I feel 98% confident that it's far bigger than the PC.”

“Frankly, I think healthcare is probably the industry that will benefit the most from AI in the next, like, year or two.”

“In the next five years, one of the things that, that is really cool that's going to get solved is the fusion of artificial intelligence and mechatronics, robotics.”

“And so thinking, post-training, pre-training, we now have three scaling laws, not one.”

“I think parents sometimes overly push kids into the lawyer, doctor, banker framework. I'm not sure that's healthy, especially in this AI world where those jobs may be under risk as well.”

“I hope for very small scientific discoveries in 20, 26, but if we can get those very small ones, we'll get bigger ones in future years. That's a really crazy thing to say is that like AI is going to make a novel scientific discovery in 20, 26, even a very smal…”

“It's fundamental, it's different, and the, and that's why, like, you know, I don't think, you know, we, this technology is going to fizzle out. And it's not like, you know, you don't have to be, like, a financial expert or, you know, like, sort of a deep think…”

“The biggest problem is that you bake a model, and that's where it's learned everything it needs to learn, and then you freeze it, and then you launch it, and then maybe you give it some context, but that's it. It's frozen. So therein lies the problem that, you…”

“Going to grab a lot of revenue that actually today is in services industry, which is 25 times larger than software industry. So this is, there's a lot of spend that is going to move. I mean, the spend that you see happen on AI is actually sort of, you know, th…”

“I think writing, actually is very important, and it's not because the AI can't write. You know, AI will become amazing at writing just like any other domains, but because I think the skill of writing forces you to be very clear of what you have to say. And eve…”