Jeff Wang

You are going to have the number two chatbot in the world, you know, before your end in your Instagram, your WhatsApp, your Facebook. You just go right, right now, just go search Meta AI.

You are going to have the number two chatbot in the world, you know, before your end in your Instagram, your WhatsApp, your Facebook. You just go right, right now, just go search Meta AI.

You are going to have the number two chatbot in the world, you know, before your end in your Instagram, your WhatsApp, your Facebook. You just go right, right now, just go search Meta AI.

I think it's already delivering incremental ARPU. It'll happen first in companies like Meta. Like I said, because you have an auction marketplace, this gets repriced immediately. And so if I look at Meta, we estimate that it's not just delivering revenue. I think it's already delivering about 15 billion of incremental EBIT, EBIT for Meta. Right.

I think it's already delivering incremental ARPU. It'll happen first in companies like Meta. Like I said, because you have an auction marketplace, this gets repriced immediately. And so if I look at Meta, we estimate that it's not just delivering revenue. I think it's already delivering about 15 billion of incremental EBIT, EBIT for Meta. Right.

I think it's already delivering incremental ARPU. It'll happen first in companies like Meta. Like I said, because you have an auction marketplace, this gets repriced immediately. And so if I look at Meta, we estimate that it's not just delivering revenue. I think it's already delivering about 15 billion of incremental EBIT, EBIT for Meta. Right.

Just in the form of more content recommendation means you have more time on meta properties equals more ad inventory and better ad matching equals higher CPMs and higher CPMs just, you know, it's straight flow through to the bottom line. So it's, it's beautiful already for meta.

Just in the form of more content recommendation means you have more time on meta properties equals more ad inventory and better ad matching equals higher CPMs and higher CPMs just, you know, it's straight flow through to the bottom line. So it's, it's beautiful already for meta.

Just in the form of more content recommendation means you have more time on meta properties equals more ad inventory and better ad matching equals higher CPMs and higher CPMs just, you know, it's straight flow through to the bottom line. So it's, it's beautiful already for meta.

Now I look at the software companies and I just think it will take more time because you have to go out to your customer and say, look, I'm delivering you this value. Here's the data. And when your contract comes up again, we're going to raise your prices. It's just a harder conversation.

Now I look at the software companies and I just think it will take more time because you have to go out to your customer and say, look, I'm delivering you this value. Here's the data. And when your contract comes up again, we're going to raise your prices. It's just a harder conversation.

Now I look at the software companies and I just think it will take more time because you have to go out to your customer and say, look, I'm delivering you this value. Here's the data. And when your contract comes up again, we're going to raise your prices. It's just a harder conversation.

But what you have seen, even since you recorded the pod with David, Canva, which you mentioned, has raised prices on its enterprise plan by 3x. 3x.

But what you have seen, even since you recorded the pod with David, Canva, which you mentioned, has raised prices on its enterprise plan by 3x. 3x.

But what you have seen, even since you recorded the pod with David, Canva, which you mentioned, has raised prices on its enterprise plan by 3x. 3x.

I do agree with it. I think where I share his view is that there is a $600 billion AI problem in the sense that ultimately application companies need to deliver positive ROI from these massive investments. Where I'm probably more optimistic is in the pace that these application companies can actually realize that ROI. We've already talked about Meta. We've already talked about Canva.

I do agree with it. I think where I share his view is that there is a $600 billion AI problem in the sense that ultimately application companies need to deliver positive ROI from these massive investments. Where I'm probably more optimistic is in the pace that these application companies can actually realize that ROI. We've already talked about Meta. We've already talked about Canva.

I do agree with it. I think where I share his view is that there is a $600 billion AI problem in the sense that ultimately application companies need to deliver positive ROI from these massive investments. Where I'm probably more optimistic is in the pace that these application companies can actually realize that ROI. We've already talked about Meta. We've already talked about Canva.

I think ServiceNow will start to really flow through some of the ProPlus price increases later this year and into next year as well. I think you're starting to see the initial hints that AI is going to come through in terms of incremental ARPU for a lot of these companies. Now, it's happened probably a little bit more slowly than I would have guessed.

I think ServiceNow will start to really flow through some of the ProPlus price increases later this year and into next year as well. I think you're starting to see the initial hints that AI is going to come through in terms of incremental ARPU for a lot of these companies. Now, it's happened probably a little bit more slowly than I would have guessed.