The Open-Source AI Reality | How Token Costs Will Fall 10X & Usage Will Explode 100X | Lin Qiao

What I don't want to see is there's only one company owns intelligence. That doesn't make sense to me. I think last year is the year of coding and this year is the year of co-work. And in the hot seat today, a founder who I wrote a $10 million check for after just a 15-minute

meeting. Lynn Quo, [music] founder at Fireworks. This was one of the easiest investment decisions that I've made in a 10-year investing career. >> I do think the cost of token will go down drastically. [music] 10x cost reduction in the next three years and this 10x cost reduction will drive a 100x usage. We absolutely are

not going to move into application layer. very clear to us whether we will move down into data centers and [music] so on that could be always be on the table but the question is >> ready to go

Lynn I am so excited for this um I heard so many great things I just got off the phone with your co-founder Dimma I spoke to Alfred Lynn Sonia, Matt Miller, many more. So, thank you for joining me. >> Oh, thanks for having me. >> Now, I heard that Eric Vishrier has a

rule, don't invest in big tech directors, but he broke that rule with you, which is very special. >> I I think so too. So, a funny story. Um after we decide to handshake, he did call me and said he talked with uh one of his adviserss [sighs and gasps] and his advisor question him hey how

many big tech executive have you seen being successful in starting company very few and he told me that um I was surprised like are we breaking our handshake now no but uh we since then we work very closely with each other >> Eric is one of the best you also started the company when you were 48.