00:00This looks a lot more like Web 1 when you had Google, Yahoo, Ask Jeeves, and 12 other search engines.
00:10I think a lot of these large transformer models are very reinforcing.
00:14And I think the likelihood that one, two, or maybe three of these models become the pervasive models is really, really high.
00:23And with that being the case, I think that there's not really a valuation that you would look at that you would bulk at relative to revenues.
00:32None of these companies have really even started capturing revenues yet.
00:36And so everybody likes to mark a company relative to its revenues or mark a company relative to its public comp.
00:43These companies, A, have no public comp because we've never seen anything like this before.
00:46I think every company in the next five, ten years is going to be an AI company.
Comments