Elad Gil: belief

Transcript context

…That was two and a half years ago. It was a talk and like saying, it doesn't make sense because you would need to return at that level. You're probably 10X the investment. Since that moment, I need to go look at the numbers again. At some point, it has to reconcile. To be very clear, we are supply-constrained. We are seeing the demand across all the surface areas. I actually don't have any doubt that this is a massive market and outcome. My question, and I think there're a lot of things that people underestimate. For example, people often talk about software engineering budgets, and then what proportion of that is token versus salary. To some extent, I think that market has been so demand-constrained for great software engineers that suddenly adding supply can 10X that market. In other words, I think the market for software engineering and coding is dramatically bigger than anybody thinks, and it's the wrong metric to say token budget versus engineers. I actually think it should grow a lot of things. I was just curious of your view of how much growth do we think is likely actually to come of this? I actually wasn't doubting at all, CapEx versus outcomes. I see. Look, I mean, going back at the internet and looking at GDP growth, it doesn't quite capture what we all feel with the internet. Maybe you would have had negative GDP growth without the internet.…

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