Jacob Effron: belief

Transcript context

…I, I don’t, I don’t necessarily think one, uh, beats the other, uh, for every, for every use case. Um, all I, all I do know is that it does seem like. Uh, the large enterprises do want a dedicated partner that isn’t just the model labs, which is kind of interesting. We, we’ve been in this phase of, of pure capability exploration. And so I think nothing has been, you know, better for the large labs, right? I mean, they’re always gonna be, uh, uh, the frontier of, of capability exploration. And so I think have a very good relationship with a lot of these enterprises. But ultimately over time, like. The, uh, the incentive structure of these labs is always gonna be maximal, you know, token consumption for, uh, for the end customers they work with. And there’s just, I think, so few companies that have actually gotten to massive scale. Maybe coding again is the most interesting. So it’s the first space that really is just completely gone, you know? Yeah. You must love it every day. Like absolutely insane. And. I think it gets even. Okay. I mean, like, I think we, we say good things about crystal cognition, but the sheer liftoff of like both end UPIC and open ai. ‘cause they, they, they have independent valuations. I mean, let’s throw an XEI in there because it’s now I ping at 1.2 trillion. That number is just mind boggling. Like I, I feel like in normal investing or normal startups, there’s kind of like a ceiling market cap or valuation. Totally. That, that like you, you reach and you go like, all right, let’s, it’s gonna be chiller from now on. And these guys are not slow down. No.…

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