When Anthropic and OpenAI go public, their founders will become billionaires and funnel that wealth into early-stage AI startups, accelerating the whole ecosystem. The speaker compares it to 1999, when newly rich dot-com founders became the venture capitalists for the next wave.
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The other thing that's going on is, of course, we created all these centimillionaires and billionaires when SpaceX went public. We're gonna create the same when Anthropic goes public and OpenAI goes public. And all of these AI entrepreneurs are gonna be reinvesting in the ecosystem. Yeah. They're gonna become the largest source of capital for seed stage, Series A stage, and it's only gonna accelerate everything faster and faster and faster. And this is what the singularity means. I remember once in 1999, right, just at the peak of, you know, the dot-com world, a friend of mine said, you got to go to Sand Hill Road. There's a river of gold flowing. Take your ladle and put it into the river of gold and get, get your capital for your startup, Peter. And that river of gold now is coming out of all of these companies and their employees.