Greg Brockman34:46
Well, look, I don't think that there's any layer of the stack here that is going to just be removed from the value chain. I think these things multiply together. If you think about the base layer of compute, it's like no compute, no AI. To some extent you could say compute is commoditized, it's just flops, who cares? But in reality, look at today's chip stocks, look at people who are selling compute, what the market is valuing people at. They see that there's a fundamental asset here that is so critical. That is because it is a revenue center. Anyone building AI has to rely on it, and there are a bunch of very interesting dynamics in terms of efficiencies, margins, all these things. But fundamentally, even though you can kind of squint and say it's commoditized, the value doesn't go away, the margins don't go away. It's something the market will reward because it has fundamental value, and its importance will go up over time. You can see that with some of the prices people are paying for H100s. Hoppers are a previous gen chip, and in any normal situation where you're not totally supply constrained, no one would be buying them. But instead, market prices are up relative to where they were before. So there's this inversion happening, and again, I think it's going to keep happening because everyone has this avalanche of demand. You're going to see prices, margins, all these things continuing to increase at various levels of the stack. I think the same kind of applies for models. The models themselves are also, again, there's a lot of competition there, and I think that's very good for the enterprise and customers and consumers. But I think there's a lot of areas where, for example, our models have always been the smartest ones, the ones able to solve these incredibly hard problems. We're just starting to reach a phase where you're going to see the transformative impact from that. If we're really able to speed up science through models, the smarter the model, the faster it goes. That's very different from a model with a conversational interface that can book your travel or organize your calendar. That's also a dimension we'll do a very good job in, but it's a different area. Then the question of how do you actually connect the intelligence to your own customers, to real value, you have all these enterprises that have built incredible businesses in different domains. It's not something where if you don't have domain expertise, you're just going to be able to do it right. Part of it is you think about regulated industries, education where you have a parent, a teacher, a student, these different parties that need to interact in very thoughtful ways. All these domains have a lot of value to be built by being in that area and thinking about how the workflow should work, how these models should be orchestrated. So I really think there's more than enough to go around, and we have to work together as a whole ecosystem to deliver the kind of value that is possible from these systems.