Brian Chesky

I think that's maybe overly simplistic thinking.

I do think you have to have a point of view about consumer.

So I think that's the first point.

I think the second point is Silicon Valley's become more vibe and trend-based than when I came to Silicon Valley in 2007, although it was back then.

And one of the things I think when people see enterprise companies doing well, they go into it.

And I think there's this natural flywheel.

The other thing is I know in Y Combinator, for example,

we teach the Y Combinator companies to use the other companies as their customers.

Now back in the day, we would get them to use our product as consumers, but I think everyone's figured out actually it's way more efficient to get them to become customers as a business.

And so I think enterprise makes a lot of sense until everyone does enterprise.

And then suddenly, everyone's saying consumer's hard, but you know what's also hard?

Competing with 10 other companies in enterprise doing your idea, too.

That's also hard.

I think, additionally, the image and video generation models are having a... I think image, too, is almost like a cloud code for...

breakthrough is so good now in the CDANCE video models that I think we're about to enter this new era where suddenly going beyond text is possible.

I think you're going to even be able to see real-time AI-generated interface in the next year or two.

So my prediction is this has been the era of enterprise.

Even ChatGPT's breakout success, I would predict that most revenue is going to be going to Codex.

I might be wrong, but just given how much money is going to Claude.

And I think in the next two years, you're going to see a massive revolution in consumer.