22 korrents from this recording
Every claim below is a statement made in this recording, quoted word for word and linked to the second it was said, so you can hear it rather than take our word for it. The wording comes from the transcript published alongside the recording; the sentence above each quote is our reading of the claim, not their wording.
0:06:44 · watch on youtube.com↗
Their wordsBut that has been the case with many technologies in the past. only humans did a lot of things and then we add tools that did them.
0:08:02 · watch on youtube.com↗
Their wordseven if the tech is diffusing fast uh this time around for true economic growth to appear it has to sort of diffuse to a point where the work the work artifact and the workflow has to change and so that's kind of one place where I think uh the change management required for a corporation to truly change I think is something we shouldn't discount
0:09:05 · watch on youtube.com↗
Our reading
What the industrial revolution took 70 to 150 years to deliver, AI may deliver in 20 to 25.
Their wordswhatever what took 70 years maybe 150 years for the industrial revolution may happen in 20 years 25 years
0:13:18 · watch on youtube.com↗
Their wordsSo this AI thing will be that right. So if you take coding um what we built with GitHub and VS code in over whatever decades uh suddenly the coding assistant is that big in one year and so that I think is what's going to happen as well which is the market expands massively.
0:14:55 · watch on youtube.com↗
Their wordsthis fundamentally this category of coding and AI is probably going to be one of the biggest categories right it is a software factory category in fact it may be bigger than knowledge work
0:19:26 · watch on youtube.com↗
Their wordsthere's no birthright here that we should have any confidence other than to say hey we should go innovate and knowing the the lucky break we have in some sense is that uh this category is going to be a lot bigger than anything we had high share in
0:23:44 · watch on youtube.com↗
Their wordsstructurally I think there will always be an open- source model uh that will be fairly capable in the world that you could then use as long as you have something that you can use that uh with which is data uh and a scaffolding
0:24:00 · watch on youtube.com↗
Their wordsso I can make the argument that oh my god uh if you're a model company you may be you may have a winner's curse you may have done all the hard work done unbelievable innovation except it's kind of like one copy uh away from that being commoditized
0:28:47 · watch on youtube.com↗
Our reading
Applications will not be wrappers around a model; the model gets wrapped into the application.
Their wordswe will build our own applications scaffolding which will be model forward right it won't be a wrapper on a model but the model will be wrapped into uh the application
0:31:06 · watch on youtube.com↗
Their wordsSo this AI tool that comes in also has not just a raw computer uh because it's going to be more token efficient to use tools to get stuff done.
0:31:17 · watch on youtube.com↗
Their wordsIn fact, I kind of look at it and say our business which today is an enduser tools business will become essentially an infrastructure business in support of agents doing work.
0:33:11 · watch on youtube.com↗
Their wordswhich I think is going to just keep growing because guess what it's going to grow faster than the number of users. So in fact that's kind of one of the other questions people ask me is hey what happens to the per user business at least the early signs may be the way to think about the per user business is not just per user it's per agent
0:45:10 · watch on youtube.com↗
Their wordsit's kind of like databases right it's always the thing it's like hey can one database be the one that just is used everywhere except it's not uh there are multiple types of databases that are getting deployed uh for different use cases.
0:46:05 · watch on youtube.com↗
Their wordsYou can't build an infrastructure that's optimized for one model. If you do that what if you go fall behind? In fact, all the infrastructure you built will be a waste, right?
0:51:04 · watch on youtube.com↗
Their wordswe didn't want to just be a host for one company uh and have just a massive book of business with one customer that that's not a business right
0:51:48 · watch on youtube.com↗
Their wordsOh by the way the other thing is I didn't want to get stuck with massive scale of one generation.
0:56:37 · watch on youtube.com↗
Their wordsthe thing that you have to think through is not what you do in the next 5 years but what do you do for the next 50
1:04:28 · watch on youtube.com↗
Their wordsthe thing that is the biggest competitor for any new accelerator is kind of even the previous generation of Nvidia right I mean in a fleet what I'm going to look at is the overall TCO
1:11:43 · watch on youtube.com↗
Their wordsthe improvement software improvements of really throughput in terms of tokens per dollar per watt that we're able to get uh you know quarter over quarter year over year is massive uh right so it's 5x 10x maybe 40x in some of these cases
1:18:10 · watch on youtube.com↗
Their wordsthat 50% happens because quite frankly the trust the world has in the United States whether it's its capital markets or whether it's its technology and and its stewardship of what matters at any given time in terms of leading uh sector. So if that is broken uh then that's not a good day for the United States.
1:21:20 · watch on youtube.com↗
Their wordsultimately I think what matters is the use of AI in their economy to create economic value right I mean that's the uh the diffusion theory which is ultimately it's not the leading sector but it's the ability to use the leading technology to create your own comparative advantage right so that I think will fundamentally be the core driver
1:27:38 · watch on youtube.com↗
Our reading
Trust in American technology, not model capability, may be the thing that wins the world.
Their wordsyou just made the point of why I think trust in American tech is probably the most important feature. It's not even the model capability. Maybe it is like can I trust you the company? Can I trust you? Your country and its institutions to be a long-term supplier may be the thing that wins the world.