Matthew Prince

If instead we're doing something that actually is answering questions

You know, queries, whether that's actually factual or or creative or humorous or whatever it is like that is a better world.

And that's the one that when the business model changes, which it has to, it will for sure change.

We should all be thinking, how would we like that business model to look going forward?

And then how can we design the incentives to get there?

I mean, Michael Bloomberg made an enormous amount of money just charging for 15 minutes of scarcity.

Right.

I don't know exactly how it will get set up, but I'm pretty sure the answer won't be every content creator figures out exactly what their price is internally and then charges for it.

It may not even be that it's sort of a microtransaction.

It could be, but it may not be.

One version of this is absolutely you have some sort of almost real-time bidding through a market maker that is essentially figuring out what the price is.

The hard thing is that that works really well for commodities where it's the same in all cases.

What I worry about is if we just say a token is a token is a token, that's going to lead to sort of a spammy, horrible outcome.

Problem number one.

Problem number two is we've now just picked who the winners are going to be, which are the people who are going to be able to pay the most today.

So essentially, you know, Google, Facebook, Microsoft, Amazon, Apple, that they will be able to say, OK, we'll corner the market by by doing this.

Ideally, what you really want is a whole bunch of buyers.

You want a whole bunch of AI companies that are out there and you want it to make it so that a new entrant into this has a chance of actually participating.

So maybe the price paid is actually a reflection of how many users you have.

If you have a lot of users, you pay more.