00:00 Speaker a
According to the Wall Street Journal and Bloomberg, Meta hired the man from Apple, the newest person to jump on to work in AI. Well, what is your rating for how Meta has been in that department, that is, it seems like they are really the most offensive or one of the most offensive in recruiting, and they are reportedly paid to do it. Is that the right strategy?
00:33 Speaker b
They have to. So, until a year ago, they took the lead in the open source AI frontier model with the Llama 3. However, Lama 4 was a failure. And now, the main open source AI model is the Chinese model. Meta cannot allow that. They have to win the battle of AI models. It's an important platform that's important to their strategy, and um, Mark Zuckerberg won't roll over. He hires people who clearly need him at any level of compensation he needs to pay to win the fight for open source. Openai, Anthropology, Google competes for closed source, UH, AI models, frontier models, and large large language models. The open source fight is still open, and um, we rarely have a Chinese winner there. So Meta is in a great position. Their main competition is Elon Musk with Xai. So, what we have here is the biggest two followers, the greatest maximalists, the three biggest believers, the greatest maximalists, Sam Altman, Elon Musk and Mark Zuckerberg. They are willing to do anything. More cautious and optimistic companies are Amazon, Microsoft, and Google. They've invested a lot, but they haven't thrown it, but it's a $100 million signature bonus. I will make you rethink my life choices. When I was in college, I should have got that doctorate in mathematics.
03:06 Speaker a
Yes, you're not alone. So, Mark, one last thing for you. Are you investing in so-called maximalists, or will something more cautious or another word make sense?
03:26 mark
Well, we are lucky to have access to all of them. So you know, I'm playing both sides of that card, and both. Well, this is going to do it for the meta or die, and they realize it, and they go, they believe they go, they are trying to do well with this with this effort. Um, again, all these different companies have very different uses, but in order to create a big, beautiful world, we talk so much and invest a lot, so these companies need to do this type of activity. So I'm not surprised to see this at all.
04:19 Speaker a
And I think we all need to go back and get more degrees and letters behind our names.
