Edvin T. Berhane

There is no question language models will create immense value. Even if development halted today, there would be decades of elevated growth as models diffuse through the economy. What are the barriers to creating a model? Models are created from a combination of three ingredients: algorithms, compute, and data...

Persistent differential returns are driven by power. Power comes in seven forms: scale economies, network economies, switching costs, cornered resources, counter positioning, branding, and process power. For anyone familiar with Hamilton Helmer, this will sound familiar. His "seven powers" framework is a classic starting point for thinking about businesses...