Sector of software companies building end-user AI-powered applications on top of foundational model infrastructure.
1 take · first discussed Jan 31, 2025
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
The sole view provided comes from Jason, who holds a high-conviction, broadly positive stance on investing in AI application-layer software. His core argument is that as foundation models rapidly commoditize — becoming akin to undifferentiated infrastructure like storage or GPS — the durable value will accrue to companies built on top of those models, much as YouTube captured value over raw storage and Uber captured value over GPS. No other hosts' views are supplied, so agreement or disagreement across the group cannot be assessed from the available material.
Jason argues the application layer is the best place to invest as AI models commoditize rapidly, drawing the analogy that you want to be YouTube not storage, or Uber not GPS — the real value accrues at the application layer.
The answer to your question is the application layer because this is all going to become storage... Do you want to be in the storage business or you want to be in the YouTube business? Do you want to be in the Uber business or do you want”43:42