"So for everyone that I haven't met before, I'm Alex Rampel on the Apps Fund. I've been at the firm for 10 years. I stole this from Chris Dixon who published a post like this about probably 12 or 13 ye..."

">> It's hard to to actually think back two years ago. At that point in time, of course, chat GPT uh 3 had launched. I think chat GPT4 had also launched, but it was all just text and and imaging and so..."

"there's a if anybody knows Maslo's hierarchy of needs like you know this is like this philosophical tome of what is it that humans need at the base of the pyramid you know people would joke is Wi-Fi. ..."

"very very good question. It's not like OpenAI just wants to be this backend layer for everything. they have a leading consumer app like they just launched arguably a competitor to Tik Tok. Um so Micro..."

"uh which I am personally most excited about is where new categories are emerging where labor is is software and there's no bingo board for this at all. And the reason why is because there weren't soft..."

"happening in legal AI. You know, just given how document intensive the industry is, there's tons of applications for LLMs in the space. Most of what you've probably heard are around companies like Har..."

"intelligence and what patterns have you seen around in which apps actually graduate to being essential? >> Yeah, I mean what one of the distinctions that I often draw is this notion of um differentiat..."

"salient is is in the EVE mold. Um and I know we also had a question about like you know what is the societal impact of everybody losing their job. Like I don't think that's actually going to happen ve..."

"good way to kind of go into theme three here. Um, which I'm I'm very excited about. And I I call this the walled garden. Um, and this is really important today because if you look at like take take a ..."

"can I pause you here um in part because you know the last era of investing you gave a great framework in the world a great framework for thinking about the battle between startups and incumbents and y..."

"white collar services AI roll-ups, i.e. fully verticalized software plus services companies that are popping up. >> Yeah. So, um I wrote an article about this two years ago. I called it Barbarians at ..."

"because all of these things that we're talking about, they also apply to consumer. Um so um so maybe with that, why don't we talk why and how this applies to consumer. >> Great. Actually, if we're goi..."

"I think this is an important slide as well and an important concept um because a very fair question is well why aren't either labs or um sort of big tech um big tech who have real model efforts like G..."

"everybody's heard this this framework before but our job is to find pick and win deals and then once we win deals to help these companies actually achieve their objectives and and most importantly don..."

"customer retention to date on AI native companies and then just a scale of spending required for enterprise sales uh for these type of companies. Maybe David or or Anish, you want to take this one? I ..."