Hamilton Helmer: Yeah, it's a great question. I mean we're all in this phase of wondering exactly how generative AI is going to play out. My own view, currently I don't see any change in seven powers from it in terms of an eighth power or something. But the issues that it brings up, like scale economies, I mean think of scale economies. If you have a fixed cost of trying to develop a model of a billion dollars or something or network effects, will AI models develop so that they learn in a way that for one user's interaction helps another user's interaction? That would be a powerful network economy. Or if it learns, if you think of if it learns about you and becomes a better psychiatrist or something, then that's a switching cost. So all these things are relevant to which business models will work and I find that useful.
If you have a fixed cost of trying to develop a model of a billion dollars or something or network effects, will AI models develop so that they learn in a way that for one user's interaction helps another user's interaction?