AI companies are spending and earning enormous amounts of money, while many customers are still exploring how best to translate the tec into financial value creation.

--- Chamath: "Let’s say a “barrel of intelligence” is one million tokens. You can buy that barrel from OpenAI for $26. Anthropic’s latest model costs about $56. Elon Musk is selling you a barrel of intelligence for $1.

Mark Zuckerberg is about to sell it to you for $1.50. Demis Hassabis and Sundar Pichai are trying to sell it to you for $1, and the Chinese will sell it to you for $0.50.

This rationalization has to happen. We have the same basic input being offered at dramatically different prices. If you made an early bet on one of the companies selling extremely expensive barrels of intelligence, and you try to pass those costs through to customers, you may run into downstream difficulties. That has to play itself out."

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From "CNBC Television" YouTube channel, (full video link in comment)