Gerstner says AI is a platform shift as big as internet or mobile, with $10-11B invested across 500 companies.
“I mean, I have to agree with Doug that this is a platform shift on the same magnitude as the internet or mobile itself.”
Gerstner compares foundation models to search engines in 2000, saying value capture is uncertain.
“It is almost impossible to know with any certainty, much like it was with the search engines in ninety nine, two thousand, who's going to emerge, where the value capture is going to be.”
“I mean, Satya talks about all the vast value capture occurs in the two to three year period around phase shifts. But it's hard to forecast in this those moments.”
Gerstner predicts AI super cycle will be bigger than internet, mobile, and cloud combined.
“I think this super cycle is going to be bigger than all the other super cycles put together like I think this is what we're going to be investing again against for decades to come.”
Gerstner announces Altimeter led Series A in all-American rare earth magnet producer enabled by tariffs.
“At Altimeter, we just led the Series A in a company I don't even know if we've announced it, but I'll announce it here which is an all American producer of rare earth magnets.”
Gerstner states Microsoft has invested $13-14 billion in OpenAI for 27% ownership on a fully diluted basis.
“Microsoft started investing in 2019, has invested in the ballpark of $1,314,000,000,000 dollars into OpenAI. And for that, you get 27% of the business ownership in the business on a fully diluted basis.”
Gerstner explains that in a school of five hundred students donors give to the foundation which distributes account links
“@k5sbnzxgbg @TrumpAccounts How many kids? In a school of say 500 students, you would donate to school foundation & head of school or foundation would get links to each account & distribute accordingly. https://t.co/j84Xtf5BvE Investment Accounts for Children | Invest America | Trump Accounts”