not everyone liked the piece

Why is everyone underestimating the outcome sizes today? “People are looking at outcome sizes of AI and saying, ‘That is ludicrous. That is crazy.’ That is underestimating by an order of magnitude how massive a transformation this is going to be. The types of businesses that are going to become massive do not look like businesses 20, 30, 40 years ago. It is basically collections of people that understand what the future looks like a little bit more clear-eyed than other people.” @EnoReyes Do you think we are fundamentally massively underestimating outcome sizes of the next generation of companies or will it truly be for a very select small few that are outliers (Anth, OAI) @anjneymidha @mmurph @lessin @Curiousjorge65 @danhockenmaier @danshipper

My conversation with @benthompson. Ben has been writing Stratechery for over a decade and remains one of my favorite business thinkers. We covered a lot. Every important company in the industry and the forces acting on all of them. - Why he thinks it would be problematic for the US to win the AI race - Will we run out of money to fund AI - Google becoming Berkshire Hathaway - Why ads are amazing - TSMC, Intel, and Samsung - Nvidia's invisible price cuts + biggest competitors - Microsoft, Amazon, Apple, and Meta I love talking to Ben about everything happening in markets and technology. Enjoy! TIMESTAMPS 0:00 Intro 0:59 America and the AI Race 8:26 AI’s Funding Problem 15:31 AI’s Capabilities and Limits 20:30 Aggregation Theory, AI, and Ads 31:10 Compute, TSMC, and Intel 47:31 Amazon and Apple’s AI Moats 54:43 The Frontier AI Players 74:07 Nvidia and Commoditized Intelligence 82:52 What Survives an AI Bubble?