Can you articulate more the ways in which things based on batch processing have not enabled outsized value creation? I'm trying to reflect deeply on whether what we're seeing is a huge bubble about to burst, or the novelty phase portending a Cambrian explosion. In a way, I think both can be true. Foundational model companies can't all be worth what their last-round implied valuation; at the same time, the infrastructure being laid may usher in the next wave of new-era, AI-first approaches to pretty much everything. But I have not read anyone articulate this point on batch processing as you have.
Can you articulate more the ways in which things based on batch processing have not enabled outsized value creation? I'm trying to reflect deeply on whether what we're seeing is a huge bubble about to burst, or the novelty phase portending a Cambrian explosion. In a way, I think both can be true. Foundational model companies can't all be worth what their last-round implied valuation; at the same time, the infrastructure being laid may usher in the next wave of new-era, AI-first approaches to pretty much everything. But I have not read anyone articulate this point on batch processing as you have.