Post by @bg2.clips

Altimeter Founder & CEO Brad Gerstner on why falling token costs haven't slowed demand for frontier AI models. "Everyone expected cheaper AI models to erode the leaders. We believe the opposite is happening.  Many started arguing that the frontier models were screwed, that open source was going to kill them, that they were closing the intelligence gap, that model routing was going to make it easier to route these tasks to cheap tokens. But despite all of those arguments, and now we're 18 months into this... the facts on the field are just the opposite. The share of economic value, the share of wallet is actually increasing to the frontier labs, while the share of tokens, these commodity tokens, is obviously going up to the other guys." — Brad Gerstner, Founder & CEO of Altimeter Capital, on @the all-in podcast with @Jason Calacanis and Chamath