The conversation revolves around the tech sector's current state and the implications of Amazon's recent investment in AI. Doug Clinton, the managing partner and co-founder of Deepwater Asset Management, discusses Amazon's partnership with Anthropic, a company that is one of the top five in the AI infrastructure space. He suggests that Amazon is trying to compete directly with Microsoft and OpenAI, the leaders in this space.
Clinton points out that while Amazon has a minority ownership stake in Anthropic, the partnership is more about the partnership and less about control. He believes that Amazon is more interested in ensuring Anthropic has the capital it needs to remain competitive.
However, he also raises concerns about the security of this partnership in the long run. He questions whether Amazon can catch up with the leaders in the AI space and how long it will take. He also mentions the scrutiny that such partnerships and investments are likely to face from regulators in the United States.
Clinton concludes by discussing the potential impact of Google's upcoming AI model, Gemini, on the AI landscape. He suggests that if Gemini is as good as expected, it could shift the narrative and make Google a real contender in the AI space. He also mentions that Amazon's partnership with Anthropic is more about making Amazon's products more intelligent, rather than directly competing with Google and OpenAI.
1. The tech sector overall is weighing down. [Source: Document(page_content="00:00:00.00: the tech sector overall is weighing down")]
2. The stock market is influenced by the Federal Reserve's warnings of more rate hikes to come. [Source: Document(page_content="00:00:02.10: the stock market though since the FED")]
3. Doug Clinton, managing partner and co-founder of Deepwater asset management, is being interviewed about Amazon's investment in AI. [Source: Document(page_content="00:00:07.08: to bring in Doug Clinton he is managing")]
4. Amazon's investment in AI is seen as a page right out of the open AI and Microsoft playbook. [Source: Document(page_content="00:00:20.76: it's a page right out of the open AI")]
5. Amazon's investment in AI is seen as an attempt to compete directly with Microsoft and OpenAI. [Source: Document(page_content="00:00:28.32: they saw that they're probably a little")]
6. Amazon's investment in AI is seen as a way to compete in the AI infrastructure space. [Source: Document(page_content="00:00:50.88: as sort of leaders in this AI")]
7. Amazon's investment in AI is seen as a bet to be one of the top five foundational model companies. [Source: Document(page_content="00:00:59.40: it's open AI")]
8. Amazon's investment in AI is seen as a minority ownership stake. [Source: Document(page_content="00:01:23.16: I don't think it's about control so much")]
9. Amazon's investment in AI is seen as more about the partnership and less about control. [Source: Document(page_content="00:01:54.00: instead we'll go and we'll get a great")]
10. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic. [Source: Document(page_content="00:01:56.04: partnership with one of the leaders in")]
11. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with other investments from companies like Google. [Source: Document(page_content="00:01:59.10: instead we'll go and we'll get a great")]
12. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:01:59.10: instead we'll go and we'll get a great")]
13. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:02:00.90: partnership with one of the leaders in")]
14. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:02:02.46: the market and make sure they have the")]
15. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:02:04.14: capital that they need to continue to be")]
16. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:02:05.88: competitive")]
17. Amazon's investment in AI is seen as a way to ensure the competitiveness of Anthropic, even with a minority ownership stake. [Source: Document(page_content="00:02