Bastian Jaeger

And there's a lot of irony there, right?

He's investing in this technology.

There is, but I guess maybe because of his involvement in the industry, he realizes the existential threat it poses to people whose careers are literally based on their likeness, based on their voice, what they look like, what they sound like, how they move.

And that if that can be easily replicated digitally, then that puts their career under threat.

And so he's trying to play both sides of the fence.

And I think also it gives the industry more to work with because if Eleven Labs can't find a legal way to sell its products online,

And by cooperating with the U.S.

Patent and Trademark Office and cooperating with stars like Matthew McConaughey, then it has no hope.

So he's got to strike a pretty fine balance.

Yeah, and the money, it is into the trillions.

OpenAI alone, which is the company that invented ChatGPT, they've committed to spending $1.4 trillion on AI infrastructure over the next eight years.

So things like data centers, the power grid to power them, the networks to connect them.

It's really expensive being an AI company, and if you're giving it away for free, and ChatGPT is largely free, they do have subscription tiers as well on top of it, but that's not enough to really make it a sustainable business.

It loses huge amounts of money because it's so expensive to build all that capacity.

At some point, you've got to monetize it.

You've got to convert all of those free 800 million users who are using it regularly into revenue.

Google did it.

Everyone else is doing it as well.

Meta did it with Facebook and Instagram.

And I would expect that the AI industry is going to do the same thing.