Brian Armstrong: The gap between open-source models and cutting-edge models is about six months

Coinbase CEO Brian Armstrong stated on the podcast Nikhil Kamath that the gap between open-source models and cutting-edge models is about six months, but inference costs can be reduced by more than 99%. In the future, a large amount of workloads will shift to cheaper models. Brian Armstrong believes that it may not necessarily be large model companies that ultimately gain the majority of value, but rather infrastructure providers such as chips and energy. Brian Armstrong compared the current AI boom with the era of encryption, Internet and railway. The valuation will experience foam and callback, but as long as there is real value at the bottom, the industry will grow again after adjustment.