Coatue Sector Head Michael Barton discusses internal AI adoption and how hedge fund analyst workflows are being automated.
Insight
Barton: Reddit Holds the Only Major Corpus of Human-Generated Data for AI
“In the AI era, there's really only one place where actual human-generated content exists, and the value of that content is super valuable, like, really valuable, because it helps train the models.”
Prediction Not checkable as stated
Barton: Marketing spend will shift from Meta to AI agents and Shopify
“So that 20% that I'm spending on marketing to, you know, maybe it was meta, is now gonna, like, that profit pool is gonna be more going toward a Shopify or the actual agent players themselves, OpenAI or Gemini.”
Prediction Not checkable as stated
Barton: Any US computer-based job will likely be automated
“My view broadly is that any job that exists in the US where you work at a computer at some point will likely can be automated, including my job.”
Prediction Not checkable as stated
Barton: AI-driven margin expansion could spark a multi-year stock market run
“Because AI is going to benefit all these companies and the stock market's going to go up. And we might be at the front of a multi-year amazing run in the stock market because these companies revenues are going to grow faster. Their costs are not going to be as…”
Assertion Not checkable as stated
Barton: Cloud provider revenues are 100% dependent on GPU chip supply
“We're at a point where your cloud revenues are 100% dependent upon how many chips you get.”
Assertion Partly supported
Barton: OpenAI has 800M WAU with engagement rivaling Instagram
“OpenAI's got, what, like, eight hundred million weekly active users. Spending, like, spending, by my estimates, close to the amount of time every day that is spent on Instagram.”