Chamath Palihapitiya

So what's happening right now is there are a lot of transformation projects at large enterprises that are failing.

There's like a big McKinsey study on that.

There's like a big McKinsey study on that.

But if you look at activity from the bottom up, I think it's very interesting and it's becoming more interesting.

But if you look at activity from the bottom up, I think it's very interesting and it's becoming more interesting.

And over the last several months, obviously with coding reaching a new level,

And over the last several months, obviously with coding reaching a new level,

we're starting to see very interesting things happening there.

we're starting to see very interesting things happening there.

And obviously the revenue that's now being generated from these coding models is, you know, again, it's exponential like we've never seen before.

And obviously the revenue that's now being generated from these coding models is, you know, again, it's exponential like we've never seen before.

So the ROI is finally there at the model layer, meaning before, you know, people were saying that it's a bubble because it's,

So the ROI is finally there at the model layer, meaning before, you know, people were saying that it's a bubble because it's,

You had all this massive capex at the data center level, and there was no ROI coming at the model layer.

You had all this massive capex at the data center level, and there was no ROI coming at the model layer.

Now we have the ROI at the model layer, and I guess we're sort of questioning whether the ROI will be there at the application level.

Now we have the ROI at the model layer, and I guess we're sort of questioning whether the ROI will be there at the application level.

But in any event, I think things are progressing.

But in any event, I think things are progressing.

I mean, look, fundamentally, I'm bullish on this whole thing.