Shawn Wang: belief

Transcript context

…I see him post on Twitter occasionally of complaints about hardware and supply chain. And we know each other, and we joke occasionally. I went from robotics into AI, and he went from AI into robotics. I mean, look, very, very promising. The time of the real world is unlimited, right? But just also a lot harder. And yeah, I do think something I also tell people about for why working software agents is they're infinitely clonable. Yeah, they always work the same way. Mostly, unless you're using Python. And yeah, I mean, this is the whole thesis. I'm also interested, you dropped a little bit of alpha there. I don't want to make sure we don't lose it. Like, you're kind of skeptical about self-driving as a business. So I want to double click on this a little bit, because I mean, I think that shouldn't be taken away. We do have some public Waymo numbers. Read from Waymo is pretty public with their stats. They're exceeding 100 Waymo trips a week. If you assume a 25𝑟𝑖𝑑𝑒𝑎𝑣𝑒𝑟𝑎𝑔𝑒,𝑡ℎ𝑎𝑡′𝑠25rideaverage,that′s130 million revenue run rate. At some point, they will recoup their investment, right? Like, what are we talking about here? Way to skepticism. I think, and again, I'm not an expert. I don't know their financials. I would say the thing I'm worried about is compared to an Uber, I don't know how much an Uber driver takes home a year, but call that the revenue that a Waymo is going to be making in that same year. Those cars are expensive. It's not about if you can hit profitability, it's about your cash conversion cycles. Is building one Waymo, how cheap can you make that compared to how much you're earning as the equivalent of what an Uber driver would take home? Because remember, an Uber driver, you're not getting that whole revenue. You think about, for the Uber driver, the cost of the car, the depreciation of the car. I'm not convinced how much profit Waymo can actually make per car.…

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