2 clips
a16z Podcast
A16z analyzes the hidden financial reality behind major AI companies, revealing they're currently gross margin positive on existing models but going negative on next-generation training costs. This creates an unsustainable cycle where companies are essentially betting their current profits on future breakthroughs that may not materialize.
RRiding Unicorns
Paul Becker shares his contrarian view on evaluating business fundamentals, specifically why he's skeptical of inflated revenue figures with low gross margins. He applies this lens to the current AI boom, suggesting investors should do the math and look beyond headline revenue numbers to understand true business quality.
