20VC: Are OpenAI and Anthropic Overvalued? The Open-Source AI Reality | How Token Costs Will Fall 10x And Usage Will Explode 100x | The Future Is Not One AGI; It's Millions of Specialised Models with Lin Qiao, Founder and CEO @ Fireworks

What I don't want to see is there's only one company owns intelligence. I think that doesn't make sense to me. I think last year is the year of coding and this year is the year of cowork. I do think the cost of tokens will go down drastically, 10x cost reduction in the next three years. And this 10x cost reduction will drive 100x usage.

We absolutely are not gonna move into application layer. very clear to us whether we will move down into biodata centers and so on, that could be always be on the table. This is 20 VC with me, Harry Stebbings, and in the hot seat today, a founder who I wrote a $10 million check for after just a 15-minute meeting. Lin Quao, founder at Fireworks. This was one of the easiest investment decisions that I've made.

in a 10-year investing career. Number one, the team is one of the best in the world. They've worked together for years. Number two, the inference market. It's growing insanely fast and it will be one of the biggest markets in the world.

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