Satya Nadella | BG2 w/ Bill Gurley & Brad Gerstner

The basics of business strategy: Recognize your structural position in the market, understand where you have permission in the market from your partners and customers who want you to win, and then do those obvious things first

“I think the company of this generation has already been created, which is OpenAI.” – Satya Nadella

To properly evaluate the AI arms race, you have to analyze it structurally by layer

The year 2025 will be the year of infinite AI memory; the next 10x function of ChatGPT is its having a persistent memory combined with it being able to take action on our behalf

Increasingly, Mag-7 capital expenditure resembles industrial companies more so than traditional software companies

Continued advancements in the AI tier may collapse the traditional application categories

How model capability will increase: Pre-training and test-time sampling create the tokens that can go back into pre-training, which creates even more powerful models that can then run on your inference

How to be successful in life and business:Pattern-match periods in which you are successful and in which you are not, then do more of the behaviors that you did during your successful periods

Satya Nadella | BG2 w/ Bill Gurley & Brad Gerstner

Key Takeaways