Aaron Levie

You're either a year ahead or a year behind simply based on your feed. And my feed is so wired in. I'll still talk to 20-year-olds that are like, "Yeah, I see some articles," and I'm like, what do you mean? How do you see articles? I don't even know what that means. Do you just get lucky that somebody emailed you an article? You just have to be wired in. I enjoy it. It's a lot of fun. I play with everything.

Two years ago, I think it would not have made that much sense—like, what does that mean? But very clearly, I think this is what's playing out in the market, and it's all working out mostly because of open source. What's pretty amazing is right now, the whole concept of being an LLM wrapper, a model wrapper, is actually working out. And on that bridge, probably $1 trillion has been bet on basically one of two outcomes: either that bridge is very limited, or that bridge is actually very vast and needs to be able to take on a lot of depth within organizations.

I'm pretty long, obviously, the application layer. I'm also equally very biased. But I just don't see a different event happening than all of history. We only have 50 or 60 years of computer software history, but basically, when you go to that law firm, and you go to that pharma company, and you go to that bank, they need something that bridges the core technology to their workflow and their business process. AI has not meaningfully changed the need or the shape of what that looks like.