Employee & Revenue Performance - Shopify's revenue has grown by 91% since its peak employee count in 2022 [1] - Shopify's employee count decreased from 11,600 to 8,100 [1] - Shopify is generating 91% more revenue with 30% fewer employees [1] Work Ethic & AI Competition - Employees need to fully commit to their work to learn the product effectively [2] - Employees need to dedicate themselves to work to compete with AI that knows the product [2]

We've started playing around with this idea of swarms of LLMs being thrown at a problem and instead of doing one API call, you do 100 or a thousand. And I mean the quality of improvement or the quality of the output is drastically improved. So if you take something like writing a legal research memo, if you just use one model, one deeper research model or one sort of reasoning model call, you get some output.But if you use a hundred calls and you let them rebuild and and improve what you already have over a ...

Industry Trend - Form filling and manual report generation will be replaced by AI agents [1] - AI agents will automate tasks faster and cheaper [1] Technological Advancement - AI will handle tasks automatically [1]

Our secret was everybody thought that CRM is a single source of truth. This is not true. The only thing that's true out there is who your customers are, what they bought, how much they're paying you, maybe their phone numbers.Everything else is not true. ...

AI Adoption - AI adoption is crucial for continued progress and success [1] - Slowdown in AI adoption could lead to negative consequences [1]

Snowflake had a billion dollar quarter growing 26%. Data bricks just said they're crossing 4 billion growing 50. It actually makes data bricks sound undervalued.Now this episode is a cracker. We discussed coreweave new bank data bricks hitting a hundred billion and much more. One thing I've learned about large amounts of money.What people say they'll do is meaningless. When you get the 10 million or hundred million offer from Meta, it rocks you back. And that's real competition.At some point you got to matc ...

Market Valuation & Investment - Databricks' valuation reaching $100 billion is discussed, questioning whether it's a bubble or justified growth [1] - The discussion includes whether Databricks is undervalued at 25x revenue [1] - The potential for Andreessen's investment in Databricks to yield returns of $30 billion or more is analyzed [1] Financial Performance & Fintech - Nubank's $2.5 billion profit is highlighted, positioning it as a leading FinTech company [1] - CoreWeave's $11 billion debt acquisition is examined, questioning its viability as a smart investment or a high-risk venture [1] Emerging Trends & Risks - The potential return of Chamath's SPACs is viewed as a possible indicator of a market bubble [1] - A founder raising $130 million and then stepping away raises questions about changing norms [1] - The discussion explores whether AI spending will reach trillions or if it's overhyped [1] Venture Capital & Secondary Markets - The ethics of OpenAI staff potentially cashing out billions in secondary shares is debated [1]

Do the skills required to be a good engineer change with time. >> Yes, definitely. Being a generalist becomes more and more important in everything with AI so that you can understand how things will come together as larger hole and then you use AI for the deep expertise that you don't need in future as. ...

For the junior engineers, 1x engineers, they often are bad at something, right. If the AI can bridge that gap, it takes them from zero to one and to be able to do something they were not able to do before, they go to 10x or even more. So, if that's the case, then it's more valuable for them.If it's a 10x engineer that is working on something where you need many years of experience to work on a system that a new junior engineer completely doesn't understand, then the 1x engineer is useless. So no AI is going ...

Humans are sometimes too obsessed with small details being perfect which makes you move much slower and the way of doing it right now like one person does all the design very slowly very detailed is going to be replaced. you talk much more high level and you talk about your design philosophy and then the AI does the implementation of the design and then you as a human go out and get all the context from do other people think this is looks good and give it all as feedback into the AI and then there's a very ...