what's going on on employment, right. What's the consequence. And I've been more, it'll all be fine in the end.And I still stand by that. But the interesting thing when I lifted those three categories, the one thing they all have in common is they all don't need people. The big companies can't have people because they got to be efficient. The modern companies don't need people because they just need geniuses and GPU. And the small AI app startups are growing so damn quickly they can't hire people.Hm. ...

Google did a code red three years ago on them and now they're doing a code red back. How much extra in multiple do you pay for how much extra in growth. >> The majority of the private tax companies I think are in a ham trap.>> Overp payment only works when the TAM is huge. >> In finite you got to bid more tightly. >> SAS has become like Japan.It's a great economy but if everyone only has 0.9% kids like I mean there's only only so many seats to go around. I think in the fastest growing companies that I've in ...

I used to believe that to build a enduring valuable company you hire a strong exec team and operate with a lot of leverage. Hire great people and get out of the way. I used to believe that.Now I believe you hire great people and work really closely with them and their directs and their directs and their directs. Get as close to the ground as you can where ground truth usually exists with the customers. The next step to customers is the engineers writing code and the salespeople talking to your customers.One ...

Partnerships & Strategic Moves - Thrive 与 Open AI 建立深度合作关系，Thrive 将获得 Open AI 最新模型的访问权限，形成巨大优势 [1] - Nvidia 收购 Synopsis 20 亿美元股份，建立多年合作伙伴关系，加速计算密集型工程和 Agentic AI 的发展 [3] Valuation & Fundraising - Data bricks 估值 1340 亿美元，据报道以 32 倍 2025 年收入倍数融资 50 亿美元，同比增长 55% [2] Industry Trends & Challenges - Workday 认为基于席位的定价模式现在是一种生存威胁 [2] - 由于 AI 效率的提高，惠普将再次裁员 10% [3] - 安全混乱迫使 Salesforce 关闭游戏网站，Open AI 放弃 Mix Panel [3] - Nvidia 的交易标志着从 CPU 到 GPU 加速一切的转变 [3] - Synopsis 表示，过去需要数周的工作负载现在只需数小时 [4]

AI Workflow Design - The industry needs workflows designed for partial autonomy, not full autonomy [1] - Partial autonomy allows humans to collaborate with AI to accomplish specific tasks more efficiently [1] - Cursor's success is attributed to its design for partial autonomy, enabling human-AI collaboration [1] Role-Specific AI Tools - The industry requires role-specific AI tools (e g, Cursor for X) tailored to various workflows [1] - These tools should facilitate easier collaboration between humans and AI models [1]

It's going to be wonderful for entrepreneurship. So you Harry I think are going to be very happy today. For a lot of ideas founders are intelligence constrained. I think of being capital constrained as a form of being intelligence constrained.For example, if you pick a therapist who wants to start a mental health startup today that founder would have to raise at least a few hundredk if not a few million to recruit some software engineers, maybe a marketing person or a growth person, maybe a product manager. ...

All knowledge work is going to be automated. If a human's job involves looking at a computer, analyzing what's on the screen, using different tools, using a keyboard and a mouse, it's going to be automated. It's only a matter of time.Every human will just be so much more leveraged. The nature of a job itself could change. Today, we are accustomed to the idea of like one person doing one job, but people could be doing multiple jobs at the same time. People could be running different companies at the same tim ...

I think the era of data labeling companies is over and it's now the era of research accelerators. >> Today I do not pull any punches with Jonathan Sedat, founder and CEO of Turing, a company that he has scaled to over 350 million in annual recurring revenue. All knowledge work is going to be automated.It's only a matter of time. I don't see an AI bubble. These models are incredibly powerful today.SAS as we know it, I think is over. I think it's completely over. ...

I fully believe if they're like, "Hey, Sequoia led our seed." And I'm like, "Hey, are they doing your A?" And they're like, "Well, they're doing their PRA." I'm like, "This is not a good company." Like, objectively is not a good company. >> So, you think signaling is very real. is extremely real.Or at least it's like a good way for us to sell. ...

Normally I get up at like on this Sunday 8 am I get up 8:30 we we really start and I will spend at least till 5:00 pm doing 400 personal emails to those LPs that aren't in the fund. It's just because another reason why people fail to succeed in this business is because they run out of capital supply. They get a chance to do 100 million into open AI and they've got 12 hours for it and they don't have 100 million.My job is to make sure we never run out of money when great opportunities. ...