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“Software as a service, incredibly low incremental cost per user... This is why not Microsoft, but the SaaS companies have underperformed massively in the…”
@Dwarkesh Podcast
SaaS business models break as AI COGS soars; high-COGS per-user software companies underperform
WCLDSHORT@ $35.18
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“The fact that we went from nothing to this scale is the market expansion. So this is like the cloud-like stuff. This fundamentally, this category of coding…”
@Dwarkesh Podcast
Microsoft mints a coding-agent layer that grows regardless of which model wins, GitHub at all-time high
MSFTLONG@ $516.16
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“databases in fact will be a big thing that'll grow. In fact, if I think about all of the office artifacts being structured better data, the ability to do the…”
@Dwarkesh Podcast
Agents turning Office artifacts into queryable backends grows the database layer faster than raw compute.
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“But like Oracle is going from like 1/5 your size to bigger than you by end of 2027. And while it's not a Microsoft-level quality of return on invested…”
@Dwarkesh Podcast
Oracle scales from a fifth of Microsoft's size to bigger by 2027 as a single-customer bare-metal hoster
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64:26LONG
“the thing that is the biggest competitor for any new accelerator is kind of even the previous generation of NVIDIA, right? I mean, in a fleet, what I'm going…”
@Dwarkesh Podcast
Nvidia stays the default AI accelerator; even prior-gen Nvidia beats custom silicon on fleet TCO
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