20VC: Is Anthropic's Coding Business Worth $2 Trillion? | Should American Enterprises Work With Open-Source Chinese Models? | Why 80–90% of Neo-Labs Die in the Next 18 Months? with Eno Reyes, Co-Founder @ Factory

I see a world where the smartest model is actually the cheapest. People are thinking about outcomes in AI and they're looking at twenty, thirty, fifty, and they're saying that's ludicrous, that's crazy. That is underestimating by an order of magnitude how massive a transformation this is gonna be. The TAM of frontier models is frankly overweighted right now. Eight and ten billion is the new one billion. Two of the largest companies that provide models today have explicitly said we're going to go after every single one of these industries and businesses that we provide intelligence for. I think it could be eighty to ninety percent of Neo Labs die in the next eighteen months. Calling open source models Chinese models is a psyop by the Frontier Labs to basically trick people into thinking that they're scary and other eyes them. In three years, 99% of workflows are gonna be done on open models. This is twenty V C with me, Harry Stabbings. Now I'm fed up. Of speaking to visionary, insightful leaders who actually aren't building today in the trenches at the cutting edge of infrastructure and AI. Today we have CTO and co-founder of Factory, Ino Reyes. He is one of the most articulate and insightful thinkers.

about the value stack of AI that I've interviewed. Factory is one of the leading companies that specialized in autonomous software development. I co-invest in their round with Sequoia, and Eno is incredible in this show today. Get your pen and paper out, there's gonna be a lot of notes taken in this discussion. But before we dive into the show today, what do Uber, Cursor, and Harvey have in common? Well, they made the really wise decision to build on fireworks. Fireworks is the specialized intelligence platform behind many of the world's leading AI products. Companies use Fireworks. to deploy the latest open models. specialise them with their own data, and run them in production with the speed and reliability modern AI applications demand.

But getting models into production is only the beginning. As AI usage scales, the best model for one request. Isn't always the best model for the next. Well that's where Fireworks Nexus comes in. Nexus connects to the AI coding tools and harnesses your engineers already use and intelligently roots each request. to the best model for the job, helping you optimize for quality, latency, and cost. without changing how your engineers work. To see intelligent model routine and practice, visit fireworks.ai forward slash two zero VC to create a free account and use the promo code two zero VC50 to claim fifty dollars in credits for twenty VC fifty. While Fireworks AI powers product intelligence, Asana keeps the work moving.

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