Benedict Evans

Everyone's going to university.

Of course you're going to do great work.

Of course you're going to start a company.

And you're surrounded by the people who've done it.

You want to get a CTO who's done it five times.

You want to get a head of grace who's done it five times.

They're all there.

The other side of that is you'll never meet anybody who isn't working on exactly the same stuff and isn't interested in what you're working on.

So you have no external context.

You have no external perspective.

The nearest theater is in L.A.

You know, Chicago, I think.

Is there theaters in L.A.?

You want to go to an art gallery, you've got to go to L.A.

Well, that's several different questions.

Like this was a technology that had been kind of floating around before ChatGPT 3.5.

And everyone kind of saw that it didn't work very well.

And then ChatGPT works well enough.

And then there's this explosion of interest since then.

And so I think last year, Google, Microsoft, AWS, and Meta spent about $220 billion of CapEx last year.