The speaker expects AI labs' profitability profiles to worsen in the short term as they redirect investment toward growth and compute.

“I think the way compute gets build, um, is gonna look different in the future. It's gonna be expensive. There's gonna be more upfront payments, right? Like, I do think you should expect to see the profitability profile of these labs, um, kind of go the other way in the short term as they shift to investing in growth and investing in compute.”