Jaden Shafer

Are they able to raise $40 billion?

Are they able to have the entire arsenal of Google behind them?

It's pretty hard to compete in these ways.

I think it's not just about having the most talented research team anymore.

You have to have billions of dollars in compute, in infrastructure, and you need to have the ability to scale your distribution globally at the same time.

So I think a lot of these companies are...

really pulling further and further ahead, like OpenAI, like the top hyperscalers.

They're getting way further than anyone else just because they had the lead at the beginning.

So SoftBank has basically made OpenAI a core pillar of their entire AI investment thesis.

And when you look at the landscape, OpenAI, Anthropic, Google, the gap between all of these front labs and everyone else is getting...

So I think for the average person using these tools, it's actually a good thing.

More investment means that more compute is going to make the models better.

But from a competition standpoint, I think it raises a lot of questions about how concentrated this industry is going to get.

Right.

It's becoming a very expensive game to play.

And I mean, even if you think like 40 billion dollars.

Let's say there was, you know, eight different AI companies and SoftBank gave each of them or 10 different AI companies and SoftBank gave each of them $4 billion.

You could build some cool stuff, right?

But like, would that be able to compete with Anthropic, OpenAI, Google?

And that's kind of the question.