The Minutes of Bill Gurley on llm https://minutesof.com/bill-gurley/on/llm/ Everything Bill Gurley has said on llm: 10 verbatim quotes between February 2024 and July 2026, each with a timestamp and a link to the recording it came… en Mon, 31 Aug 2026 13:09:18 +0000 And I mean so at this recent TED, I just went to Neil Cotyal who argued the supreme court case on the tariffs https://minutesof.com/q/e480481d-3182-43ab-a74e-6143ac364723/ https://minutesof.com/q/e480481d-3182-43ab-a74e-6143ac364723/ “And I mean so at this recent TED, I just went to Neil Cotyal who argued the supreme court case on the tariffs and won.” — Jackson Square Ventures Book Club Wed, 08 Jul 2026 23:30:51 +0000 llm Gurley identifies parameter count ceiling as key scaling law constraint where adding variables stops adding va https://minutesof.com/q/08070d61-6181-4091-b574-2385e59a9851/ https://minutesof.com/q/08070d61-6181-4091-b574-2385e59a9851/ “But when you take the variables up to a certain level, they they they it stops adding value. You just get too close to the fit.” — BG2 Pod Thu, 21 Nov 2024 19:09:14 +0000 llm Gurley says if scaling laws are hitting limits it has implications but doesn't mean AI is done. https://minutesof.com/q/d43376c8-e7cc-4cb7-b307-3a5be2ec94aa/ https://minutesof.com/q/d43376c8-e7cc-4cb7-b307-3a5be2ec94aa/ “if the the comment, you know, that you read earlier is true and that these and that they're not getting the benefit, there are implications.” — BG2 Pod Thu, 21 Nov 2024 19:09:14 +0000 llm Gurley argues LLMs alone won't be winners without durable differentiation enabling monopoly-like pricing. https://minutesof.com/q/29c66e90-0fe9-4d7b-b185-5d0e946452f8/ https://minutesof.com/q/29c66e90-0fe9-4d7b-b185-5d0e946452f8/ “I'm not sure that LLMs, like, if that's all you have going for you, I'm not sure that's going to be the winner.” — BG2 Pod Thu, 04 Apr 2024 17:20:29 +0000 llm Gurley argues that investing in an index of LLMs may not be successful despite early stage AI demand. https://minutesof.com/q/abd936b8-04d7-429c-829b-aee3fec7948f/ https://minutesof.com/q/abd936b8-04d7-429c-829b-aee3fec7948f/ “if you're building an index of LLMs, it may not be a very successful investment approach.” — BG2 Pod Thu, 04 Apr 2024 17:20:29 +0000 llm Gurley says LLM switching costs rate around two out of 100, showing extremely high promiscuity among models. https://minutesof.com/q/d4b98aac-1eff-4456-a957-ab2224e6fc2b/ https://minutesof.com/q/d4b98aac-1eff-4456-a957-ab2224e6fc2b/ “And the per promiscuity Mhmm. Is unbelievably high. Another way of saying that, one one of the things that leads to high valuation multiples is switching cost.” — BG2 Pod Thu, 21 Mar 2024 21:32:49 +0000 llm Gurley rates LLM switching costs at two out of 100, calling it remarkably low. https://minutesof.com/q/e035b1f5-98d2-44ff-95b0-979fbc7ec172/ https://minutesof.com/q/e035b1f5-98d2-44ff-95b0-979fbc7ec172/ “if you were to rate these LLMs on their switching cost with zero maybe being none and a 100 being perfect, I'd say they're two. Yes. Like, it's remarkably low.” — BG2 Pod Thu, 21 Mar 2024 21:32:49 +0000 llm Gurley explains AI memory requires nightly retraining per user at prohibitive cost since current models only t https://minutesof.com/q/9287fcf0-d686-43a2-a726-ce7052ef5670/ https://minutesof.com/q/9287fcf0-d686-43a2-a726-ce7052ef5670/ “Right now it's trained on the internet. It's regurgitating the internet. It's not training on everything in your database.” — BG2 Pod Thu, 22 Feb 2024 12:20:31 +0000 llm Gurley identifies long-term memory as a major unsolved AI problem preventing true personal assistant capabilit https://minutesof.com/q/ad03a953-3e0b-4708-86b5-e722afc8f08a/ https://minutesof.com/q/ad03a953-3e0b-4708-86b5-e722afc8f08a/ “And I mean, remember over five years, ten years to really become a personal assistant kind of thing that her represented.” — BG2 Pod Thu, 08 Feb 2024 19:35:00 +0000 llm Gurley explains personalized AI memory requires rebuilding models per user, which is economically unfeasible. https://minutesof.com/q/1331ee6e-a0a4-42c1-a625-7d9b0af2f1d0/ https://minutesof.com/q/1331ee6e-a0a4-42c1-a625-7d9b0af2f1d0/ “And it's because you'd have to redo the model for each human. And of course that makes no sense economically.” — BG2 Pod Thu, 08 Feb 2024 19:35:00 +0000 llm