Gerstner contextualizes AI investment by noting Meta alone spends $20B yearly on AR/VR for comparison.
“Meta's gonna spend 20,000,000,000 in one year alone on ARVR, and this is on an entire platform. So I I don't know.”
Gerstner says he made his first AI investment in 2005, backing University of Washington AI head.
“My first AI investment was in 2005, backing the head of AI out of the University of Washington. So this has been going on for a long time.”
Gerstner argues Amazon spent over $100 billion on AWS for eight years before profitability, paralleling AI investment.
“Amazon spent over a $100,000,000,000 on AWS, invested for over eight years before they saw profitability in that business.”
Gerstner says he wants his personal and fund net worth levered to AI, with NVIDIA as largest public position.
“I want my personal net worth. I want my funds net worth levered against AI because all human progress is gonna be derived from machines helping humans think and augment human thinking.”