Gavin Baker

Maybe it's just sand that turns into silicon.

Ajinomoto, yeah.

Maybe beachfront property, but that's about it.

Firmly in the token path.

I think that's a meme.

So people have gone so far on the Mistral Le Chat thing, Le Chaton, that they're saying it's like mythos is distilled on it and it's breaking all the benchmarks.

I think it's a good model, but I don't know that it's quite there yet.

But you can imagine that we get there for sure.

Yeah.

What do you think the drivers are of the widening gap between Chinese open source models and American closed source models is?

Oh, yeah.

Yeah, yeah.

It seems like they're getting much better at locking down the reasoning traces, locking down the espionage.

It feels like back during the 01 days, the labs weren't even aware that distillation was so possible that that was something that was such a potential threat for sure.

I have one last question.

You mentioned owning NVIDIA sub $2 billion.

What is the health of the sub $2 billion market right now?

Is there anything that you're excited about?

Maybe not even like public companies, but private areas.

I mean, we're starting to see the knock-on effects of AI and bio and material science.