David Sachs

There's a lot of, also I'd say specialization now going on in the ways that I just mentioned.

All these companies are developing strengths.

There's sort of verticals happening.

Yes.

And so I've described this as sort of a Goldilocks scenario where you're making a lot of progress in AI, but the market is remaining very competitive.

Ideally, it does not consolidate just to one monopoly player like we've seen in other tech markets, because then you end up with a big tech company that's got too much power and control.

That's not...

generally a great thing for consumers or for citizens.

Well, look, competition brings out the best in the American system.

And I think that that is what creates the most progress.

And that's what's going to allow us to win the AI race against China.

China has a lot of competition too, but they do tend to anoint national champions more.

I guess they usually do it more after a competition stage.

So, you know, maybe it doesn't prevent competition.

But look, China's formidable.

They got a lot of good AI companies, too.

And this is going to be a horse race.

But again, there's no question in the American system.

For sure.

But look, there's no question that in the American system, it's competition that brings out the best.