20VC: Why All AI Companies Are Under-Valued | The Future of Foundation Models: Scaling Laws, Generalised vs Specialised, Commoditised? | From Unable to Afford Rent to Raising $130M From Index and Peter Thiel with George Sivulka @ Hebbia

1811.718 - 1837.235 George Sivulka

It's a good point if you're cutting cost, which I think Daniel and UiPath are one of the best examples of using AI to make companies more efficient. If you look at finance and how fast Excel went to 90% market penetration in finance, 1985 to 1986, literally 18 months to 24 months, Excel took over all of finance. Everyone switched from using a calculator, the HP-12C, to using Excel.