Chamath Palihapitiya

That's correct.

Whereas there's some wind.

Our approach... In some ways, when you look at that, it's a beautiful aspect of capitalism that we're able to have a boom-bust cycle, that we're able to weather it, right?

If you think just like capitalism from first principles...

something like that happens and we have too much fiber, it creates an opportunity for Google to buy it all up or the next person.

Yeah, people don't recognize this fact.

If you the premise of YouTube from the founders who I knew, Chad Hurley and his other partner, they

basically had the realization, at this curve, storage is coming down so quickly, we could offer free unlimited uploads and bandwidth is coming down, so I guess we don't have to charge people for sharing a video online.

Before that, if your video went viral,

People are going to have their minds blown, but your server would turn off and it would say, this person needs to pay their bill because they were getting charged for carriage by the megabit going out.

Yeah.

I mean, the concept that I don't know if it was like a million hours being uploaded every hour or minute, but at some point, Susan Wojcicki, rest in peace, had told me just like

how much was being uploaded every minute.

And it made no logical sense until you realized, well, there's 3 billion people out, two or 3 billion people in the service and 1% upload or 0.1, 10 bps upload.

And it's like, okay, one in a thousand people upload.

It's a big, it's a big denominator.

And it's become recursive now too.

I mean, these models, if you say to the model, hey, make yourself more efficient, spend less money and lower the cost of tokens, it'd be like, okay, captain.

Yeah.

I don't know if you saw Karpathy's recursive thing last weekend, but it's like now civilians who've never worked in a language model or done computer science are like, I'm going to try to do something recursive this weekend.