Samir Chaudry

I think that's the sort of real story is that Micron, like, I don't think people know what Micron does.

It's like a trillion dollar, you know, memory bottleneck company.

And, um, uh, so I think lore becomes less important in one way.

The, the more contrarian view that I have is that IP universes become a lot more valuable.

Um,

And so, for example, you know, one of the there's a lot of stuff about Harry Potter distills.

Right.

So you can like extract 98 percent of Harry Potter out of deep seek or quad if you're if you're motivated.

Yeah.

And so it's like it wasn't supposed to train on it.

There is the big LibGen settlement with Anthropic like they did train on it.

And there is a big multibillion dollar payout.

But it's like that kind of multibillion-dollar payout creates a strong incentive to kind of have IP treatment in a proper way going forward.

And so Games Workshop, for example, has the cinematic universe, which is World of Warcraft, that becomes infinitely generative when you combine it with an AI system.

Yeah.

And actually, what you get from AMD, or why this is, I think, interesting, is that you've seen a big structural crowding out of entertainment because of the enterprise focus of AI.

So Anthropic, for example, if you listen to Dario, he's like, yeah, I'm not going to ever generate videos or images because that's just a waste of time.

Or OpenAI shut down Sora.

Yeah.

And that's sort of like the interesting Jeevon's paradox argument, in my opinion, is that like right now, for example, Nintendo is down, you know, 40 percent over the last year.