David George & Jack Altman on AI, Autonomy, and the Next $25 Trillion

AI development is currently defined by an "and" thesis, where frontier models, open-source alternatives, and specialized application companies will thrive simultaneously rather than in competition. While infrastructure spending has reached historic levels, AI diffusion into the broader knowledge workforce remains under 5%, signaling significant untapped growth potential. Beyond language models, autonomy and robotics are emerging as the next major productivity drivers, with safety and efficiency gains likely to reshape consumer and industrial markets. Success in this environment requires backing visionary founders who can navigate rapid product cycles and effectively own their narrative. As capital follows these massive market opportunities, growth-stage investing increasingly hinges on identifying companies that can scale through both technological breakthroughs and strong, direct-to-market execution.