Jason Calacanis

the first company will have 90% market share.

This is the power of compounding, right, is just do the math on it.

10 times 10 is 100, three times three is nine.

So again, if you just are able to outgrow your competitor at that rate for two years, you will achieve monopoly market share.

Now, there are reasons to believe that Anthropic cannot continue that growth rate for two years.

There's going to be a competitive response.

It's already happened.

Also, there may not be enough compute to support that kind of growth.

There may be physical constraints, but you'd always rather be the company that has that inertia that's on that trajectory than the one that has to do something different to then knock that leader off its current trajectory.

Well, there seems to be there seems to be a new like meme taking shape that somehow like all this token spend is is wasteful and basically useless and.

We're constantly oscillating between narratives like AI is going to put everyone out of work to AI is useless and it's a bubble.

The doomers can't seem to make up their minds whether AI is going to be our new god or whether it's basically a total waste of money and it's going to lead to a bust.

But in any event, yeah, I think there's no question that token efficiency is going to be a big theme over the next year because the spend has been ramping up way faster than

enterprise customers thought, and there's going to be a drive for efficiency.

Does that fundamentally change the dynamics?

I don't think so, but it might, you know, it might temper the growth to some degree.

I got you.

I got you.

We missed you, brother.

We're going to transition to the next topic.