Satya is Out
TLDR: MSFT doesn’t believe in AGI, wary of overinvestment, OpenAI partnership is over
A. AI and AGI are overhyped
- “Us self-claiming some AGI milestone, that's just nonsensical benchmark hacking to me. The real benchmark is: the world growing at 10%.”
B. Very negative on more capex spend from MSFT
- “[If you look at the Industria... See more
Thus, effectively, OpenAI is to this decade’s generative-AI revolution what Netscape was to the 1990s’ internet revolution. The revolution is real, but it’s ultimately going to be a commodity technology layer, not the foundation of a defensible proprietary moat. In 1995, investors mistakenly thought investing in Netscape was a good way to bet on th... See more
SEEK DEEPER // I can’t not address Deep Seek 1) AI is about to get cheaper 2) Things are moving faster 3) It’s still anyone’s game (if you act now). But also, someone please tell OpenAI it’s time for brand building. Not Boring by Packy McCormick and I are aligned. It’s how they win.