Gurley says foundational model companies burning $100-200M yearly cannot possibly represent high quality capital allocation.
“100,000,000 a year? 200,000,000 a year? There's no way that's high quality capital allocation from my point of view.”
Gurley says personalized foundational models that can retune for individuals could wildly change AI direction.
“Any of that stuff could create a wildly new direction than what we have today.”
Gurley observes the biggest AI doomers have the largest financial stakes in foundational models.
“It's remarkably interesting that the biggest doomers are the ones that have the biggest financial stakes and the biggest foundational model.”