Gerstner argues capex growth depends on enterprise adoption rates and consumer willingness to pay, not just model improvements.
“It's the rate of adoption of consumers and what consumers are willing to pay to use ChatGPT or to use Clawd or to use these other services.”
Gerstner observes San Francisco parents prefer Waymo robotaxis over human-driven Ubers for their kids.
“We see parents all over San Francisco that are getting their kids to after school activities in Waymo's with no drivers. They actually prefer it to an Uber with a driver.”
Gerstner says ChatGPT reached a billion searches daily eight years faster than Google did.
“ChatGPT got to a billion searches a day. Eight years faster than Google did. Is not internet time. Is AI hyper speed. It is way faster.”
Gerstner demonstrates one-click Apple Pay transfers to housekeeper's children's accounts that auto-sweep into fee-free S&P 500 index funds
“Housekeeper one click shares young kid’s accounts. I one click apple pay from debit card into her accounts. Next day money swept into fee free S&P 500 index - compounding for life. Reduce friction - unlock magic. Every child a shareholder! 🇺🇸🚀 https://t.co/2s65zxERth”
“@Raj_Menon @LincGerstner @InvestAmerica24 @TrumpAccounts We will soon automatically open accounts for every child in America under 18 & make logging into the acct even easier. This will be the best app in the history of gov’t - & at 4.8 app store - we want to blow minds & change lives!”