Harry Stebbings

Is it algorithms?

Is it data?

Is it compute?

Can you help me understand which is most lagging?

If we just go through them, when we look at that context feedback on the data side, will we see then a generation of vertically integrated foundation model companies, light periodic for a ton of different things?

My question to you then is, how do I determine what is not going to get claudified in that vertical model company build out?

Because you could look at a cursor and say, well, they've built their own vertical model end to end.

It's been claudified, if we're being blunt.

Periodic won't be because of the physical data that's being produced in the labs.

How do I know what will be claudified versus won't in that model there?

With the greatest of respects, is that the core investment thesis of Mistral for you?

Do Anthropic and OpenAI just accept that and roll over?

I don't understand because government is a mega portion of their efforts and workload today.

And like both of them, when I speak to them, are like, oh, we're absolutely coming for Europe.

So how do they get around that?

You said about obviously being involved with Anthropic since the earliest of days.

I'm just fascinated.

I think people kind of forget about their early days almost.

People talk about like, oh, SBF investing early and what a visionary he was.

What was Anthropic and Dario like in the early days?