Travis Hoium

We can also look at this as what is gonna be in the next big thing graveyard.

This is the challenge with investing with technology.

If you get the big things right, you can make a lot of money, but if you get them wrong, you can end up owning stocks that go to zero and you're wondering why that's the case.

So Tim, I'm gonna have you go first.

10 years from now, are we going to be still be using LLMs?

Is a product like ChatGPT or a Claude going to look similar like it does today?

Or is that going to be a thing of the past?

Dan, what do you think about the future of LLMs?

Tim, how does that impact a company like OpenAI?

Again, a company that could go public later this year, a lot of their value, I think,

real or not, is in the fact that they own ChatGPT.

They have 800 million-plus users using their products.

That consumer business is extremely valuable.

Does that itself get abstracted away?

And then you're basically just a model company, and maybe that model layer is being commoditized, too.

This is such an interesting thought process for investors, because I think

What we see as value today may not be valuable 10 years from now at all.

My OpenAI account, by the way, is a sign-in with Google.

Sorry.

I've always thought that was a fascinating dynamic.