Brian Armstrong: The gap between open-source and front-line models is about half a year

In the podcast programme, Coinbase CEO Brian Armstrong stated that the gap between open source and front-line models was about half a year, with reasoning costs above 99 per cent lower, and that a large amount of future workload would shift to cheaper models. In his view, it was not necessarily large model companies, but also infrastructure providers such as chips, energy, etc., that would eventually receive most of the value. Armstrong compares the current trend of AI with the age of encryption, the Internet and railways, where valuations experience bubbles and backslides, but where there is real value at the bottom, the industry will grow again after adjustment。