I think if we had wanted to build a search engine company 5 or 10 years ago, it would have been insanely hard and basically impossible to compete with Google because we would have needed hundreds of people and huge amounts of training data to build the ranking systems that we’re building. Now, with a very small – albeit extremely smart and capable,... See more

With Generative AI’s budding reasoning capabilities, a new class of agentic applications is starting to emerge.

What shape do these application layer companies take? Interestingly, these companies look different than their cloud predecessors:

• Cloud companies targeted the software profit pool. AI companies target the services profit pool.


• Cloud compa

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