Speaker unverified: belief

Transcript context

…That is where Eric signed off and the question he left Nathan and Prakash chewing on. As the labs charge wildly different prices for the same intelligence, Is that price discrimination something to worry about or even regulate? Nathan is torn. I'm so torn on this question of, this pattern just keeps coming up over and over and over again. Concentration of power. On the one hand, I think you do want a healthy app ecosystem, and I'm wary of what happens if this greater than 10 to 1 cost advantage persists. Right now it seems like the app layer is getting squeezed, the individual layer is being empowered. You can flip it around and empower the app layer more, but then you disempower the individual and maybe empower more the enterprise. And I'm not sure if that's better or worse. You can think about other high CapEx, variable, high fixed costs, variable revenue businesses. And the classical example is usually airlines, where you've already paid for the plane up front, and then you have to maximize revenue on the plane. In order to maximize revenue, you end up having a first-class section and a economy section. They basically have this high CapEx GPU fleet, and they're trying to do this kind of revenue price, revenue maximization off the GPU price fleet that they've paid a fixed cost, a fixed leasing cost for. It's very similar to airlines. I have no beef with price discrimination and cross subsidy in the airline industry. And I guess for calibration, I've also been broadly not worried about net neutrality. And I remember at the time there was a lot of like, oh my God, this is going to be the end of the internet. And I believe at the time, and I think history has certainly vindicated my predictions that like, I don't think any of that's going to happen. And so Yeah, I say all of this as kind of a, lifelong techno-optimist libertarian. And still somehow this feels like maybe a little different, right? Not qualitatively different, but it is tough. I mean. From who serves the compute to who builds it. Trisha Martinez of Dapple on sovereign AI infrastructure and the part that doesn't make the press release, how fragile the financing underneath it really is.…

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