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...a number of big technology waves over the last ten to twenty years, you know, mobile phone, cloud computing, social. We're just now in the midst of perhaps the most consequential wave of new technology adoption around generative AI. And we've got man
Each tech innovation from the mainframe to the PC to the client server computing to Internet builds upon the previous one and unleashes more growth and more innovation. And you could see the tech was such a small part of the GDP, but through the Inte
...a number of big technology waves over the last ten to twenty years, you know, mobile phone, cloud computing, social. We're just now in the midst of perhaps the most consequential wave of new technology adoption around
to the PC to the client server computing to Internet builds upon the previous one and unleashes more growth and more innovation. And you can see the tech was such a small part of the GDP, but through the Internet was rapidly expanding. This was right
Steve Jobs fixed all that with a $200 phone, a touch screen monitor that your grandmother or child could use, and then he connected it to the three g network. And so all those barriers were immediately removed and then you hit that mainstream takeoff
...technology wave. I actually think this one is going to be bag bigger than all of the past waves because, one, the speed of adoption is faster. The market size is just a lot bigger today, and the adoption's faster. ChatGPT went zero to a 100,000,000 u
...like, a big technology wave that was coming in. Wireless networks were gonna be ubiquitous. You could already see it in Wi Fi networks in homes. Consumers were were just starting to install. Even though a lot of people still had dial up, broadband pe
phone, a touch screen monitor that your grandmother or child could use, and then he connected it to the three g network. And so all those barriers were immediately removed and then you hit that mainstream takeoff phase, that inflection where you go f
...waves since then that, like, the media and VCs were sort of calling the next big thing, some of which sort of have been. You know, machine learning is, you know, a reasonable one. And, like, obviously, there was the mobile wave after the sort of soci
...would use something with semiconductor products in it. Yeah. I mean, we're we're gonna see this here in a minute with the personal computer and Apple, but then with the Internet, then with web2.o, then with mobile. Like, you have this tectonic shift,
...is, consumer waves typically come after new technology shifts. There was the technology shift of the browser in 1994. We got Amazon, eBay, Netflix. There was the technology shift in the early two thousands when upload download speeds increased. And y
...the technology industry has to do something to make this better. Could I though take a step back and give you just a different framing of all of this? Please. I think the big thing that we're debating is actually something we've seen in every other t
So, again, as with every one of these convergences, they're not good or bad. They're not apocalyptic or utopian. They just are. It's a new phenomenon, and we have to name the phenomenon because we have to engage now with it. And, again, this is somet
...reading all of all this kind of data that's out there, whether it be text based or not. And so it to me, it's there's no mistake in at least in my mind that the next ten years, we're gonna see more technological innovation than ever before. Things ar
how would you define this current era we're in? If we try and step out of it by a hundred years or fifty years, what will we say about today? I think the defining property of today probably is social media. I think it it's changed a lot of aspects of
is no longer going to Google on a Google phone to search for things, I think that tells us that the world is changing. What changes it from a trend to convergence? Right. So the result of a convergence is something that is net new that hasn't existed
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