Eric Vishria

Foundational models are the fastest depreciating asset in human history, I think has turned out to be largely true.

Foundational models are the fastest depreciating asset in human history, I think has turned out to be largely true.

I think that's a good question that is really interesting because if you think about OpenAI and Anthropic and Meta and Google, and then there's a whole bunch of others coming, XAI and Mistral and so forth, SSI now. I think the foundational model war benefits us all in a way.

I think that's a good question that is really interesting because if you think about OpenAI and Anthropic and Meta and Google, and then there's a whole bunch of others coming, XAI and Mistral and so forth, SSI now. I think the foundational model war benefits us all in a way.

I think that's a good question that is really interesting because if you think about OpenAI and Anthropic and Meta and Google, and then there's a whole bunch of others coming, XAI and Mistral and so forth, SSI now. I think the foundational model war benefits us all in a way.

It's really, really good for consumers and people around it because it's just like they're pushing the state of the art so much. In terms of value accrual, for Benchmark, we have no foundational model investments. And then two, we have a set of infrastructure investments available. which I think are really interesting.

It's really, really good for consumers and people around it because it's just like they're pushing the state of the art so much. In terms of value accrual, for Benchmark, we have no foundational model investments. And then two, we have a set of infrastructure investments available. which I think are really interesting.

It's really, really good for consumers and people around it because it's just like they're pushing the state of the art so much. In terms of value accrual, for Benchmark, we have no foundational model investments. And then two, we have a set of infrastructure investments available. which I think are really interesting.

So we have Cerebrus, which is a semiconductor and systems company for AI that we invested in and led their series A in 2016. So we've been working on it for eight years. We have companies like Fireworks, which are an inference service and others kind of off that infrastructure software layer.

So we have Cerebrus, which is a semiconductor and systems company for AI that we invested in and led their series A in 2016. So we've been working on it for eight years. We have companies like Fireworks, which are an inference service and others kind of off that infrastructure software layer.

So we have Cerebrus, which is a semiconductor and systems company for AI that we invested in and led their series A in 2016. So we've been working on it for eight years. We have companies like Fireworks, which are an inference service and others kind of off that infrastructure software layer.

And I think those like, you know, again, they're growing very, very quickly, like astoundingly quickly and doing really cool things. But

And I think those like, you know, again, they're growing very, very quickly, like astoundingly quickly and doing really cool things. But

And I think those like, you know, again, they're growing very, very quickly, like astoundingly quickly and doing really cool things. But

at the same time you kind of have to ask like okay what are the foundational models going to do and how are they going to move up the stack and so this is again where i go back to you need great entrepreneurs who are like constantly updating their mental models and re-navigating and um do you not think we just see all the foundation model companies just get acquired by the big players we've seen character inflection adapt i don't think all the foundational model companies will be acquired by the big players

at the same time you kind of have to ask like okay what are the foundational models going to do and how are they going to move up the stack and so this is again where i go back to you need great entrepreneurs who are like constantly updating their mental models and re-navigating and um do you not think we just see all the foundation model companies just get acquired by the big players we've seen character inflection adapt i don't think all the foundational model companies will be acquired by the big players

at the same time you kind of have to ask like okay what are the foundational models going to do and how are they going to move up the stack and so this is again where i go back to you need great entrepreneurs who are like constantly updating their mental models and re-navigating and um do you not think we just see all the foundation model companies just get acquired by the big players we've seen character inflection adapt i don't think all the foundational model companies will be acquired by the big players

Well, I think this is a question, right? And they're going to do it. But I think there's a set of people who certainly believe in the size of the prize. And so they continue to be able to raise really tremendous amounts of capital to train bigger and bigger models.

Well, I think this is a question, right? And they're going to do it. But I think there's a set of people who certainly believe in the size of the prize. And so they continue to be able to raise really tremendous amounts of capital to train bigger and bigger models.

Well, I think this is a question, right? And they're going to do it. But I think there's a set of people who certainly believe in the size of the prize. And so they continue to be able to raise really tremendous amounts of capital to train bigger and bigger models.