“Here's what this gets to, the ultimate question I think around this IPO and the whole future of the AI trade and the AI industry: models are commoditizing. Chinese models, there are more U.S. open source models that are going to be launching over the next year. The models leapfrog each other all the time. The value of having the latest and the best and the most powerful frontier model, I think is likely going to start to evaporate even in the next 12 months. What Anthropic is betting on, I think, is building a brand that says we are the safe AI. We are the good guys.”

here here's what this gets to the ultimate question i think around this this ipo and around this whole the whole future of of the ai trade and the ai industry models are commoditizing as jeff you know you um are to Really, really well. Chinese models, there are more U.S. open source models that are going to be launching over the next year. Like you said, the models leapfrog. We'll talk about Google Carbon in a second, you know, too. The models leapfrog each other all the time. The value of having the latest and the best and the most powerful frontier model, I think is likely going to start to evaporate even in the next 12 months. What Anthropic is betting on, I think, and the S1 says this a little bit, but even more so, I think their actions over the past year is Anthropic is betting on building a brand that says we are the safe AI. We are the good guys. We're the ones who are going to do that. We define safety,