David George

I don't think that we have yet found the dominant product in AI.

We may have the dominant brand.

and OpenAI and ChatGPT has grown faster than anything in the history of technology.

I think they reached the same scale as Google, something like four times faster, a billion people using it.

And they're only monetizing a tiny piece of that, which I think is a really exciting dynamic.

But I don't think that the future of how we interact with AI is gonna be a chatbot.

I just think that's way too limiting.

I think the big shift will be what is reactive today to something that's proactive in the future.

And ChatGPT may be able to capture that

And I think they probably have the best chance of doing so.

But I think the way that we interact with all this stuff is going to change dramatically.

It's going to have long form memory.

It's going to be multimodal and it's going to be proactive.

It's going to offer us solutions and how we do things.

So I'm super excited about that.

But I think the open ended upside of what companies can capture in economics from that is spinless in size.

I like to look at history of consumer Internet companies and what were our perceptions and then what actually ended up happening there.

So I think it's instructive to look back at Facebook and Google.

And I remember when we were in the private markets looking at investments and things like Snap and Twitter 10 plus years ago, and we would always sit and say, well, yeah, but Facebook and Google only monetize at X certain amount.

And all the consumer internet businesses are P times Q businesses.