Anish Acharya

I think that's a little bit of what we're going to see.

I think that's a little bit of what we're going to see.

If you said something like software movies or AI moviemaking or AI-assisted movies, that's just not a category in which there is an incumbent.

If you said something like software movies or AI moviemaking or AI-assisted movies, that's just not a category in which there is an incumbent.

I'm betting that a native company will actually win that.

I'm betting that a native company will actually win that.

It probably won't be Adobe.

It probably won't be Adobe.

Will Adobe make a better Photoshop and Illustrator than ever before?

Will Adobe make a better Photoshop and Illustrator than ever before?

Probably.

Probably.

I don't know if it'll create more value, but I think that it is under-discussed how much value it's going to create.

I don't know if it'll create more value, but I think that it is under-discussed how much value it's going to create.

If you think of what the models are, so if we lived in a world, and we were actually thinking about this a lot in 2022 and early 2023, which is if you had a single foundation model company, which at the time was OpenAI, which was a whole generation ahead,

If you think of what the models are, so if we lived in a world, and we were actually thinking about this a lot in 2022 and early 2023, which is if you had a single foundation model company, which at the time was OpenAI, which was a whole generation ahead,

then they essentially were this unique supplier to everybody downstream in the innovation ecosystem.

then they essentially were this unique supplier to everybody downstream in the innovation ecosystem.

And they could do what you would do if you, for example, you know, controlled the Beatles and you're the only record label to have the Beatles.

And they could do what you would do if you, for example, you know, controlled the Beatles and you're the only record label to have the Beatles.