Amazon

“I think the biggest problem for manufacturers when it comes to labor is that people are leaving the manufacturing industry as a whole. They might be going to work at an Amazon warehouse instead of in operations.”

“Microsoft doesn't care if the margins and foundation models are 80% or 30%. They can't lose that layer, right? Even if it's a commodity, it needs to be a commodity on Azure. Same thing with Amazon. Needs to be a commodity on AWS.”

“And after a certain point, I mean, I built this cheating tool. I get kicked out of school. I get blacklists from Amazon.”

“Three hundred million plus in revenue and profitable. Two hundred and twenty-five million in funding at a last valuation of 2.2 billion. A network of four million engineers and customers that include OpenAI, NVIDIA, Anthropoc, Google, Microsoft, Meta, Salesfor…”

“We work with seven out of the eight Frontier Labs. We work with OpenAI, Anthropic, Meta, Google, Microsoft, Nvidia, Amazon, anybody that's building a Frontier Foundation model, we are probably working with them already.”

“And in retail, the margins are very lean. You know, I think somewhere, I don't know what it is today, but back then, like, 1.2 to 1.5% You don't have a lot of margins”

“I actually think Amazon and Google are an unusual camp, and those are the two companies that we really like because they are also a bit of a hybrid, in that Google has TPUs that they sell, and Amazon has talked about selling Tranium, or at least openly discuss…”

“And so if you look at the multiples of Microsoft, of Amazon, of Meta, they've actually all compressed in the last couple of years because their capex is going up.”