Aravind Srinivas

So by being aggressive in like one day delivery, two day delivery, burning money, he got market share in e-commerce and he did the same thing in cloud.

So by being aggressive in like one day delivery, two day delivery, burning money, he got market share in e-commerce and he did the same thing in cloud.

So by being aggressive in like one day delivery, two day delivery, burning money, he got market share in e-commerce and he did the same thing in cloud.

Right now, yes. But that doesn't mean it's the end of the world for them. That's why this is a very interesting game. And no, there's not going to be one major loser or anything like that. People always like to understand the world as zero-sum games.

Right now, yes. But that doesn't mean it's the end of the world for them. That's why this is a very interesting game. And no, there's not going to be one major loser or anything like that. People always like to understand the world as zero-sum games.

Right now, yes. But that doesn't mean it's the end of the world for them. That's why this is a very interesting game. And no, there's not going to be one major loser or anything like that. People always like to understand the world as zero-sum games.

This is a very complex game, and it may not be zero-sum at all, in the sense that the more and more the business, the revenue of cloud and YouTube grows, the less is the reliance on advertisement revenue, right? And so the margins are lower there. So it's still a problem. And they are a public company. There's public companies that has all these problems.

This is a very complex game, and it may not be zero-sum at all, in the sense that the more and more the business, the revenue of cloud and YouTube grows, the less is the reliance on advertisement revenue, right? And so the margins are lower there. So it's still a problem. And they are a public company. There's public companies that has all these problems.

This is a very complex game, and it may not be zero-sum at all, in the sense that the more and more the business, the revenue of cloud and YouTube grows, the less is the reliance on advertisement revenue, right? And so the margins are lower there. So it's still a problem. And they are a public company. There's public companies that has all these problems.

Similarly for Perplexity, there's subscription revenue. So we're not as desperate to go make ad units today. Maybe that's the best model. Like Netflix has cracked something there where there's a hybrid model of subscription and advertising. And that way you don't have to really go and compromise user experience and truthful, accurate answers at the cost of having a sustainable business.

Similarly for Perplexity, there's subscription revenue. So we're not as desperate to go make ad units today. Maybe that's the best model. Like Netflix has cracked something there where there's a hybrid model of subscription and advertising. And that way you don't have to really go and compromise user experience and truthful, accurate answers at the cost of having a sustainable business.

Similarly for Perplexity, there's subscription revenue. So we're not as desperate to go make ad units today. Maybe that's the best model. Like Netflix has cracked something there where there's a hybrid model of subscription and advertising. And that way you don't have to really go and compromise user experience and truthful, accurate answers at the cost of having a sustainable business.

So the long-term future is unclear. But it's very interesting.

So the long-term future is unclear. But it's very interesting.

So the long-term future is unclear. But it's very interesting.

It's possible. And many experiments need to be tried. The trick is to really figure out how to do it in a way that doesn't make users lose trust in your product and yet build something that can connect people with the right source of information. I kind of like how Instagram does its ads, for example, it's really targeted at relevance. And it almost doesn't look like you're seeing an ad.

It's possible. And many experiments need to be tried. The trick is to really figure out how to do it in a way that doesn't make users lose trust in your product and yet build something that can connect people with the right source of information. I kind of like how Instagram does its ads, for example, it's really targeted at relevance. And it almost doesn't look like you're seeing an ad.

It's possible. And many experiments need to be tried. The trick is to really figure out how to do it in a way that doesn't make users lose trust in your product and yet build something that can connect people with the right source of information. I kind of like how Instagram does its ads, for example, it's really targeted at relevance. And it almost doesn't look like you're seeing an ad.

I think Elon's also said this publicly, how ads can be useful when done really right. And it shouldn't feel like you even see an ad when you see an ad. So that's like truly done right sort of ads. And if we figure out something like that, in a way that's actually disruptive to the link click, then I think it can work.

I think Elon's also said this publicly, how ads can be useful when done really right. And it shouldn't feel like you even see an ad when you see an ad. So that's like truly done right sort of ads. And if we figure out something like that, in a way that's actually disruptive to the link click, then I think it can work.