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Aaron Levie and Steven Sinofsky on the AI-Worker Future

What exactly is an AI agent, and how will agents change the way we work? In this episode, a16z general partners Erik Torenberg and Martin Casado sit down with Aaron Levie (CEO, Box) and Steven Sinofsky (a16z board partner; former Microsoft exec) to unpack one of the hottest debates in AI right now. They cover: - Competing definitions of an “agent,” from background tasks to autonomous interns - Why today’s agents look less like a single AGI and more like networks of specialized sub-agents - The technical challenges of long-running, self-improving systems - How agent-driven workflows could reshape coding, productivity, and enterprise software - What history — from the early PC era to the rise of the internet — tells us about platform shifts like this one The conversation moves from deep technical questions to big-picture implications for founders, enterprises, and the future of work. Timecodes: 0:00 Introduction: The Evolution of AI Agents 0:36 Defining Agency and Autonomy 1:39 Long-Running Agents and Feedback Loops 4:27 Specialization and Task Division in AI 6:04 Anthropomorphizing AI and Economic Impact 9:10 Predictions, Progress, and Platform Shifts 11:31 Recursive Self-Improvement and Technical Challenges 13: 13 Hallucinations, Verification, and Expert Productivity 16:16 The Role of Experts and Tool Adoption 22:14 Changing Workflows: Agents Reshaping Work Patterns 45:55 Division of Labor, Specialization, and New Roles 48:47 Verticalization, Applied AI, and the Future of Agents 54:44 Platform Competition and the Application Layer Resources: Find Aaron on X: https://x.com/levie Find Martin on X: https://x.com/martin_casado Find Steven on X: https://x.com/stevesi Stay Updated: Let us know what you think: https://ratethispodcast.com/a16z Find a16z on Twitter: https://twitter.com/a16z Find a16z on LinkedIn: https://www.linkedin.com/company/a16z Subscribe on your favorite podcast app: https://a16z.simplecast.com/ Follow our host: https://x.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details, please see a16z.com/disclosures.

Erik TorenberghostMartin CasadohostSteven Sinofskyguest
Aug 25, 202556mWatch on YouTube ↗

EVERY SPOKEN WORD

  1. 0:000:36

    Introduction: The Evolution of AI Agents

    1. ET

      We thought that we were looking at the form factor of AI, which is you're talking back and forth to something. The real ultimate end state of AI, and thus AI agents, is these are autonomous things that run in the background on your behalf and executing real work for you. The more work that it's doing without you having to intervene, the more agentic it's becoming.

    2. MC

      Somehow it produces output that it feeds back into itself.

    3. SS

      It's literally just the ampersand in Linux, which is-

    4. MC

      [laughs]

    5. SS

      ... it's a background task.

    6. ET

      [laughs]

    7. MC

      Okay.

    8. SS

      And it's like the worst assistant in the world. And agentification is just hiring a lot of these really bad interns.

    9. ET

      [laughs]

  2. 0:361:39

    Defining Agency and Autonomy

    1. ET

      I thought we'd- I'd start this wide-ranging podcast by asking the very simple but very provocative question, what is an agent?

    2. MC

      Oh, boy. To who?

    3. ET

      Steven.

    4. MC

      Okay, Steven. That's yeah-

    5. SS

      Oh, to me?

    6. MC

      Yeah, exactly. Steven.

    7. SS

      Oh, oh, I go first. So, so I, I actually have a very old person view of what an agent is, which is it's literally just the ampersand in Linux.

    8. MC

      [laughs]

    9. SS

      Which is, it's a background task.

    10. ET

      [laughs]

    11. MC

      Okay.

    12. SS

      Because, like, you type something into o3, and then it's like, "Hey, t-t-t-t-t-t- I'm trying this out. Oh wait, I need a password. Can't do that." And it's, like, the worst assistant in the world, and really it's just 'cause they need to entertain you while it's taking a long time-

    13. ET

      [laughs]

    14. SS

      ... to answer your prompt. And so that's my old person view of what an a- And agentification is just hiring a lot of these really bad interns.

    15. ET

      [laughs]

    16. MC

      [laughs]

    17. ET

      The intern, they're getting better. The-

    18. SS

      They are getting better.

    19. ET

      The intern, they're getting better.

    20. SS

      But they still don't remember if I have a password to nature, you know. Like, it's just-

    21. ET

      Is it possible you guys just had bad interns in, like, the '80s and '90s?

    22. SS

      It, we, we had-

    23. ET

      Okay

    24. SS

      ... we had terrible interns.

    25. ET

      Okay, okay. I have, like, a very high esteem for interns, so.

    26. SS

      [laughs]

    27. ET

      Like-

    28. SS

      But now a real answer. [laughs]

    29. ET

      No, no,

  3. 1:394:27

    Long-Running Agents and Feedback Loops

    1. ET

      I mean, uh, I, I think, I, I think collectively we're seeing what, what these are becoming. So if you think about two years ago, the, you know, post-ChatGPT moment, we, we thought that we were looking at the form factor of AI, which is you're talking back and forth to something. And I think to Steven's point, the real, you know, ultimate end state of AI, and thus AI agents, is these are, these are autonomous, you know, uh, uh, things that run in the background on your behalf and executing real work for you. And you're ideally in a, an ideal world interacting with them actually relatively little, m- uh, relative to the amount of value that they're creating. And so, so there's some kind of, you know, metric where the more work that it's doing without you having to intervene, the more agentic it's becoming and, and I think that's, that's sort of the paradigm that we're seeing.

    2. MC

      Yeah, the only addition I'd have in addition to long-running, which I agree, is that somehow it produces output that it feeds back into itself-

    3. ET

      Mm

    4. MC

      ... as input, which you can actually do long-running inference. Like, you can make a video that's really long-running-

    5. SS

      Right

    6. MC

      ... but it's just basically a single shot video, and you just throw more compute at it. I, I think there's, like, technical limitations, um, you know, if you start feeding the input back in, 'cause we're not quite sure how to contain that, too. And so, you know, I think you can do a, I think you can measure things based on how long they run, and you could also measure it by how many times it's actually taken its own guidance-

    7. SS

      Mm

    8. MC

      ... which would be kind of more of an agency.

    9. SS

      Yeah, 'cause I think-- I do think it's important that in this transition... Look, we are, what Aaron described is where we're gonna be. It, it-

    10. ET

      Yeah

    11. SS

      ... j- it's just that what are the interesting steps that happen along the way? 'Cause we are gonna need it, for the time being, it to stop and say, "Am I heading in the right direction or not?"

    12. MC

      Exactly right. Like it-

    13. SS

      'Cause you, you really, putting aside all the horror stories about, you know, taking, um, action without consent and using accounts and data, whatever, there is this thing where, like, you just don't wanna waste your time-

    14. ET

      Right

    15. SS

      ... on the clock-

    16. ET

      Right. Yeah

    17. SS

      ... while it's churning away way off in the wrong direction.

    18. MC

      Yeah, so the question is to what extent do they have their own agency, which to me means they've spit something out, and they've kind of consumed it back up again, and it's still a sensible thing. Which, by the way, as you start thinking of these things in distribution, it's actually a very difficult thing to do because it doesn't know if it's gonna be spitting something out that's still in distribution when it brings it back in. Like-

    19. SS

      Mm

    20. MC

      ... they don't have that self-reflection. So I, I think there's actually a very kind of technical question here of to what extent we can make these things have independent agency. But we can make them long run pretty easily.

    21. SS

      Yeah, yeah. We're good at the long run.

    22. MC

      The long-running thing.

    23. SS

      What, what you get back is, yeah.

    24. MC

      Yeah. [laughs]

    25. ET

      Yeah, I mean, I think the, um, uh, the, the interesting thing is how the ecosystem is sort of solving, um, or, or mitigating then, you know, the, the issues. Like, you're, you're seeing sort of this logical division of the agents. So they might be long-running, but they're not actually trying to do everything.

    26. MC

      Yeah.

    27. ET

      And so-

    28. MC

      They're very smart

    29. ET

      ... so the more that you subdivide the tasks out, then actually the more that they, they can go pretty far on, on a single task without, without getting kinda totally lost on what they're, what they're working

  4. 4:276:04

    Specialization and Task Division in AI

    1. ET

      on.

    2. SS

      Well, Unix is gonna prove to be right.

    3. ET

      [laughs]

    4. SS

      Which is, like, you're gonna ha- you're gonna wanna break things up into much smaller granularity and tools. And I think to other points that you've made o- on X, like, you're gonna wanna divide things up so that it's, like, an expert in this thing.

    5. ET

      Yeah.

    6. SS

      And, and then it might be a different, let's just say body of code, where you go and asks, like, ask, you know, "Are you good at this thing?"

    7. ET

      Yep.

    8. SS

      "Let me get your answer on, on this part of the problem."

    9. ET

      Yeah. Um, it's, it's kind of interesting. I, I don't know, um, how much you've plotted this, but, like, the conversation on AGI ha- has sort of evolved, you know, very clearly-

    10. MC

      Oh, yeah

    11. ET

      ... in the past, like, six months. And, and I think that the consensus was, may- maybe not even consensus, what, what some of the view was, let's say two years ago, was is this sort of monolithic system that's just super intelligent, and it solves a- you know, all things. And now if you kinda fast-forward to today, and let's say whatever s- we, we agree kinda state-of-the-art is, it's sort of looking like that's probably not gonna work, and, um, for, for a variety of reasons, at least in, in today's architecture. So then what do you have is maybe a system of many agents, and those agents have to become very, very deep experts in a particular set of tasks, and then somehow you're orchestrating those agents together, and then, you know, now you have two different types of problems. One has to go deep, the other has to be really good at orchestration. Um, and, and that maybe is, is how you end up solving, you know, some of these, some of these issues over the long run.

    12. MC

      I, I just think it's very difficult to think cleanly about this. Like, I've still yet to see a system where you, you, they perform very well, and you don't draw a circle that doesn't have a human being in it somewhere.

    13. SS

      Mm.

    14. ET

      Oh, yeah. [laughs]

    15. MC

      And so in a sense, like, the G, like, often seems to be coming from... Like, the general seems to be-

    16. ET

      Yeah.

    17. MC

      So, like, I just...

  5. 6:049:10

    Anthropomorphizing AI and Economic Impact

    1. MC

      Listen, these things are tremendously good at in-increasing productivity of humans. At some point, maybe they'll increase productivity without humans, but until then, it's just very hard-

    2. SS

      Yeah

    3. MC

      ... for me to actually just talk cleanly.

    4. SS

      Well, and it's just, it's, it, it's so important for peopleTo get past sort of the anthropomorphization-

    5. MC

      Yeah, totally

    6. SS

      ... of AI, because that's what's holding everybody back. Like AGI is about, about robot-

    7. MC

      Right

    8. SS

      ... fantasy land, and it, and that leads to all the nonsense about destroying jobs-

    9. MC

      Yeah, totally

    10. SS

      ... and blah, blah, blah. And none of that is helpful because it, it, you have to then you dig yourself out of that hole to just explain, wow-

    11. MC

      Yeah

    12. SS

      ... you know, it's really, really good at writing a case study.

    13. MC

      Right. Right, right.

    14. SS

      Like, which, like it writes a better case study than all the people that work for it, but it doesn't know who to write it about.

    15. MC

      Right.

    16. SS

      It doesn't know what necessarily you wanna emphasize. It doesn't know what's, what the budget is, what's needed-

    17. MC

      Well, yeah

    18. SS

      ... how many words.

    19. MC

      Right. But and it also turns out like AGI just does an awful lot of work [laughs] in other words.

    20. SS

      Yeah, yeah.

    21. MC

      So for example, someone asked me recently, they say, "Well, um, you know, are you worried that like if we have, uh, AGI, then you'll no longer be investing in software companies?" I, I'm like, "Well, I mean, you're AGI." [laughing] Like, right, you are. I'm still investing in software companies, right?

    22. SS

      Right, right.

    23. MC

      And so like just because you're AGI says nothing about economic equilibrium-

    24. SS

      Right

    25. MC

      ... or economic feasibility, et cetera. So like just the term AGI does basically infinite work for every kind of fear we have and maybe every hope that we have. And the moment we tie it down to like not only it solves a class of problems, but the economics pencil out yes or no, we can actually have a more sensible discussion, which I actually I think is finally entering the discourse.

    26. SS

      Yeah.

    27. MC

      I think we're actually talking-

    28. SS

      Yeah

    29. MC

      ... a lot more sensibly now than we were a year ago.

    30. ET

      And so when you hear, when people say things or the, the AI 2027 paper, when they talk about sort of automated research or recursive self-improvement, does that feel like fiction or fa-fantasy, or does it feel like... Or is it thinking that even with those things we're, you know, sort of nowhere near, um, you know, peak software and there would just be unli- unlimited, uh, sort of demand?

  6. 9:1011:31

    Predictions, Progress, and Platform Shifts

    1. SS

      Now, you could do science fiction-

    2. MC

      Yeah

    3. SS

      ... and you could say in the future when we all have our personal AI with all this other stuff, and then that's great, but then you say it's gonna happen in 2029-

    4. MC

      Yes

    5. SS

      ... you're an idiot.

    6. MC

      Yes.

    7. SS

      A- and so-

    8. MC

      That, that sounds totally correct, right? Because basically, uh, three years ago you would not have been able to conceive of Cloud Code, so, or Cursor or, or, you know, name your, your background agent writing code. So it's like what is the point of having some date at which you're, you're naming something? And, um, and so we've actually seen probably vastly more progress in the past just two years of, of actual applied AI than we would've thought, and yet does it matter that one or two of the predictions didn't play out? Like, no. Um, so, so I think it's probably more interesting to think about like where is the technology from more of a classic Moore's law standpoint and like how much compute do we have, how much data are we working through, um, how powerful are these models?

    9. SS

      I mean, just let me ask you, like as semi-old, like the [laughing] You know, like-

    10. MC

      Guilty

    11. SS

      ... well, I mean, like, like nobody after AI collapsed and machine translation and m- and machine vision failed-

    12. MC

      Yeah

    13. SS

      ... there, you couldn't find anybody who thought that those would become solved problems.

    14. MC

      Yeah, totally.

    15. ET

      Hmm.

    16. SS

      Or like, or after neural nets-

    17. MC

      Yeah

    18. SS

      ... imploded and like literally you were teaching-

    19. MC

      Or expert, or expert systems or whatever, yeah

    20. SS

      ... or expert systems, but you were teaching and like, like if you tried to teach neural nets-

    21. MC

      [laughs]

    22. ET

      Yeah, yeah

    23. SS

      ... like the students would rebel-

    24. MC

      Yeah, yeah, yeah

    25. SS

      ... because you were wasting everybody's time. You know, in, in, like in 1989, like Hinton couldn't get funded trying to-

    26. MC

      Oh, yeah, yeah

    27. SS

      ... to do neural networks.

    28. MC

      Neural networks, yeah, yeah.

    29. SS

      I, I took, like I, grad school was this three volume history of artificial intelligence thing. Neural nets was like eight pages.

    30. MC

      I, you know, ironically, I remember when ML was the cool thing-

  7. 11:3116:16

    Recursive Self-Improvement and Technical Challenges

    1. MC

      anything, right? So let's take recursive self-improvement. This is one of my favorite ones. So the theory of recursive self-improvement is you have a graph or you have a box which is the thing, and then there's an arrow that goes back to the box which says improve. And then of course you look at that and you're like [laughing]

    2. SS

      Works.

    3. MC

      Right. So I guess, you know, like from an intuitive lay perspective, every time you have a box with an arrow back in it, you're like, "Okay, we're, we're done," right? But like if you know anything about nonlinear control theory, answering that question is one of the most difficult question that we know in all of technical sciences, right? Like does it converge? Does it diverge? Like does it asymptote? Right? So for example, you could recursively self-improve-If you're doing basic search, but you asymptote, right?

    4. SS

      Right.

    5. MC

      And so, like, saying recursive self-improvement from, like, a deeply technical perspective says almost nothing.

    6. SS

      Mm-hmm.

    7. MC

      It says... But, but, but unfortunately, because we tend to anthropomorphize AI, we say recursive self-improvement, and all of a sudden we're like, "And then it, like, overcomes energy boundaries-

    8. SS

      [laughs]

    9. MC

      ... and human intelligence," [laughs] and then-

    10. SS

      Well, that's how it goes from being a toddler to being, like, an eight-year-old. It just because it, it figured out how to learn.

    11. MC

      It recursively self-improves, right?

    12. SS

      Yeah, yeah, yeah [laughs] .

    13. MC

      And so, I mean, the reality is, like, nonlinear control systems, which are feedback loops that are adaptive, we don't even have the math for, for, for a relatively simple system to understand what happens. You have to actually know the distributions that come out and go into them. And so these things are gonna improve. They're gonna continue to improve. Maybe they'll improve themselves, but just because they do improve themselves doesn't mean they, they can continue to do it, and this is kinda part of this entire journey is we're learning about these systems.

    14. SS

      Right.

    15. MC

      Again, the good news is I think we're talking a lot more sensibly now than we were a year ago, and hopefully that will continue. I don't... Hopefully, [laughs] hopefully the discourse can recursively self-improve so we're just more sensible.

    16. SS

      Well, the good news is that's involving humans.

    17. MC

      [laughs]

    18. SS

      So we don't actually have to worry.

    19. MC

      [laughs] Oh, that's right.

    20. SS

      But I, I think that, I mean, you, you must be seeing this even with, with customers. I mean, like, take the conversation about, like, hallucinations-

    21. MC

      Yeah

    22. SS

      ... and things like that, how, how dramatically that's altered-

    23. MC

      Yeah

    24. SS

      ... in just the past two years, say.

    25. ET

      Yeah. In, in, on two dimensions, actually. So on one dimension, the, the problem of hallucinations has improved, so the, as the models get better, as our understanding of how do you, you know, whether it's RAG or whatever, what, you know, even the, even the, the problem of, uh, of, of actually the efficacy of the context window has, has improved. So you have the technical improvements, um, you know, kind of across the stack, and equally, you have a kind of a cultural understanding to some degree within the enterprise, uh, as to, like, okay, actually, no, these are, these are non-deterministic systems. They're probabilistic. So, so you're starting to see almost a culture shift, which is, okay, uh, you can, you can actually, uh, implement AI in, in es- essentially more and more critical use cases because the employees that are using those systems understand that they do actually have to do the work to verify it. And then the only question is, is what is that ratio of, of time it took to verify versus if I had done it myself and how much efficiency gained for whatever that workflow is? Um, but we are, we're going from probably, like, two and a half years ago where there was, you know, this instant excitement as, as to, "Oh my God, this is going to be the greatest thing of all time," to a reality check within three to six months 'cause everybody was like, "Hallucination is gonna be the, the massive, you know, kinda problem," to now a couple years later after that, which is like, okay, like, we're, we're seeing the hallucination rates shrink. We're seeing the quality of the outputs increase, and we understand that you do have to go and review the work that these AI, you know, agents are doing. And that, that takes on a different form debas- depending on the use case. So in the form of coding, that means just, like, you just have to go review the code in the, in the, uh-

    26. SS

      Which you had to do anyway.

    27. MC

      Which-

    28. ET

      Yeah.

    29. SS

      People seem to be forgetting.

    30. ET

      You, you had to do it anyway-

  8. 16:1622:14

    The Role of Experts and Tool Adoption

    1. MC

      better result.

    2. SS

      Well, that, I, I think that this is just an incredibly important point that you're making, and it, it really gets to the heart of what it means to use a tool. Like, you know, you put me-

    3. ET

      Yeah

    4. SS

      ... in front of, like, a 12-inch chop saw and say-

    5. MC

      [laughs]

    6. SS

      ... like, "Go fix the fence," really, really bad idea.

    7. MC

      [laughs]

    8. SS

      I mean, I could go buy one.

    9. MC

      Still bad idea.

    10. SS

      I lo- I could cruise the Home Depot and-

    11. MC

      There's a, there's a reason the tools counter [laughs]

    12. SS

      ... and, and I'm like, "Ooh, dang, man. I don't have a DeWalt."

    13. MC

      [laughs]

    14. SS

      And I could buy it, but it's really not a, a particularly good idea.

    15. MC

      Right.

    16. SS

      And, and I think that how these platform shifts happen-

    17. MC

      Yes

    18. SS

      ... and why there's so much excitement-

    19. MC

      [laughs]

    20. SS

      ... over coding is that, well, the best way for a platform shift to take hold is it's the, the experts that are... The, the closest you have to an expert in the new platform is who becomes the most enthusiastic-

    21. MC

      Yeah

    22. SS

      ... and the biggest users overall. Like, I, I've been practicing yoga ov- over at, um, the Cubberley Community Center in Palo Alto 'cause the studio's closed for remodel. But, but what's neat is that was, like, the OG place for computer clubs.

    23. MC

      Oh, nice.

    24. SS

      Like, in the early 1990s and the late '80s, like, if you ever wanted to meet the computer club... And you would go, and, like, this is, like, halt and catch fire. Like, you-

    25. MC

      Oh, nice

    26. SS

      ... and it's, like, like, a bunch of people with soldering irons and shit, and, like, they're-

    27. MC

      Yeah.

    28. SS

      That's who... And, and, you know, when it, when it didn't work, when something was broken, that wasn't like, "Oh man, these things are terrible. I'm wasting all my time."

    29. ET

      Right.

    30. MC

      No, yeah.

  9. 22:1445:55

    Changing Workflows: Agents Reshaping Work Patterns

    1. ET

      work change because of the tool?

    2. SS

      Ah.

    3. ET

      Versus-

    4. SS

      Yeah, yeah

    5. ET

      ... the tool sort of adapted to the style of work. And so what I'm starting, and we're like only in day one of this, but what I'm starting to see kind of some, some patterns emerge, which is we thought agents would go and learn how we work and then automate that. And then the quest- and so basically agents conform to how we work. The question is when is the moment when we conform to how agents are best used?

    6. SS

      Yep.

    7. ET

      And you're, you're seeing this in a couple areas, so you're seeing this in engineering to start with, which is like people are saying, "Okay, I'm gonna have agents and then sub-agents for parts of the code base, and then I'm gonna give them kinda read-me files that the agents read, and then, and then I'm gonna actually optimize my code base for the agent as opposed to the other way around in other forms of knowledge work." So within how we use Box, um, with, with our AI product, like you're starting to see people like basically tell the agent like its complete, you know, job, and the, the workflow is now starting to be almost like the agent is almost dictating the workflow in the future as opposed to it's just mapping to the existing workflow. So I don't know like what the history is on this of like when does, when does the work pattern itself shift because of what the technology is capable of, but I think, I think probably where this goes has to be some version of that, which is, which is it's not gonna just be the agents just plop into how we currently do our work and then, and then just automate everything. I do think you start to change what we actu- what the work is itself, and then, and then agents actually go in and accelerate that.

    8. SS

      Well, as important as that is, it's actually more important.

    9. ET

      Okay.

    10. SS

      Like because what, what happens is where it, there, there's, to reuse the, a word in a different, this anthropomorphization of work, what happens in is that the first tools actually anthropomorphize the work.

    11. ET

      Uh-huh.

    12. SS

      And so like if you go back, this is every single evolution of computing. I mean, like how long did it take for Steve Jobs to get rid of the number buttons on a smartphone?

    13. ET

      Right, right, right, right. [laughs]

    14. SS

      Like, like they, they still had number buttons. Or like you look at, at cars, and until Elon got rid of all the controls-

    15. ET

      Right. Yeah

    16. SS

      ... everybody kept all of the controls. I don't wanna get in that fight. But, but like the, what happened with every technology shift is, you know, if you, if you were to look at what accounting software looked like in the '60s before IBM said s-stop. W-we all use double entry, but we need to have people skilled in how computers can do the accounting-

    17. ET

      Uh-huh

    18. SS

      ... not how people can, because we're never gonna figure out how to close the books-

    19. ET

      Right

    20. SS

      ... if we have to automate this whole r-room of people with green eye shades-

    21. ET

      Right

    22. SS

      ... that have a manual process based on how far apart the desks were.

    23. ET

      Right.

    24. SS

      And, and everything that happened with the rise of, of PCs and personal productivity started off, and I always use this example because I've watched it happen like five times now, which is the, the first PCs that did word processing, the biggest request was how do I fill in like expense reports?And so the whole, this whole world grew up of tractor-fed paper that was pre-printed with the expense report. Right. And so then software, we wrote all of this code, like are you using an Avery 942- [laughs] ... expense report or is it a New England Business Systems A397? And, and like, you know, and then you had like these adjustments in the print dialogue, like .208 inches, and you, you moved little things around, and then you would print out like- [laughs] ... ate dinner, $22, and that was all you printed. Right. And then someone said, "You know, we could use the computer- [laughs] ... to actually print the whole thing." Right. [laughs] And then, like fast-forward, and finally Concur said, "You know, why just take a picture? Why not just- Right ... take a picture of the receipt, and then we could do all of it?" And so then the whole thing gets inverted, and, and every single business process ended up being like that. And, and then there are things that really, really do change the tools. Right. Like when email came along, you know, it used to be to prepare an agenda for a meeting, somebody would open up Word and type in all the things, and then print it out, and everybody would show up to the meeting with this very well format. And now, and then like- Yeah, new case ... email came out, and that whole use case for Word- Right ... just evaporated. Yeah. And, and then an email agenda became no formatting, nothing, just like, "Here are the eight things we're gonna talk about." Yeah. And you show up, and everybody's like, "Did you get the agenda?" You know what, what's interesting about the AI one is it's kind of t- it's like we're seeing the same thing, but vis-a-vis AI. So nobody really predicted the generative stuff, and we've had AI for a very long time. So we had chatbots, we've had, you know... And so you had these kind of like AI shape holes in the enterprise for a long time, and a lot of the mistakes that we see today is people are taking the generative stuff and trying to kind of cram it into the old models- Mm-hmm. Yeah, yeah ... when it's really a new behavior that's emerging, that's very m- much more in... Like, it used to be you'd se- centrally sell, you know, AI to some platform team, and then they would kind of try to get the NLP thing to work or the voice to work for like talking to people on the phone for support, and it was this kind of very central. A lot of the adoption that we see is like much more individual, for example. And so I just think that there is a- Right ... bit of a mismatch, as we're seeing now, that is getting ironed out, too. Well, and, and so I, I think the question is, is, yeah, are we in the phase where we're trying to graft the agents and, and work in basically the, what we've been doing for 30, 40 years- Yeah ... of software, and is this gonna be actually like a, like a, like the first real step function shift we've seen in what the workflow itself should look like? Oh, we- Yeah ... but we are. I mean, like you, if you, you know, remember, people like p- I, I tried to jam the internet into Office. Right. And it, and, and- It was fun to watch ... no, but I mean, you were, you were not watching. Yeah. [laughs] But, but, but like, but, but everybody around was trying to jam the internet- Right ... into their product because that's the only way you could envision it. Right. And it, it- Right ... didn't really... Like, you, you were like, "Well, where else would the internet go?" [laughs] Like, there's no word processor on the internet. Right. Right. Like, there's no spreadsheet on the internet. Yes. And, and then the other people would be like, "Well, let me just try to implement Excel using these seven HTML tags with no script." Uh-huh. That turned out to not be a really good idea either. [laughs] The best was like, "Let's do PowerPoint." Well, how do you do it? You give them five edit controls, tell them their bullet points, and then we'll generate a GIF on the back end and send it back to you as the slide. Yeah. [laughs] Okay, that, that, that was not... And so there was that whole, like that- I think actually maybe the, the main point is just the durability of Office. But- It transcends all- It does ... all disruptions. [laughs] I, I like to think it pretty much rises above everything. Yeah, exactly. [laughs] But, but the thing is, is that that's where we are now- Yeah ... is everybody... A- and you know, like e- Do, but do you think then- No ... I mean, j- just to dig a little bit, so do you think this is similar to the internet in that it's a consumption layer change? 'Cause I always viewed the internet as very much a consumption layer change. Like, I go to a, you know, instead of going to my computer, I go to the internet. But otherwise, things kind of are the same where AI's got this weird quirk which for the first time I can recall, programs are abdicating logic to a third party. Like, we've always abdicated resources, right? Yeah, yeah. Like, so it'd be like, "Okay, I'll use your disks or whatever," but like I'm writing the logic. But this time it feels like we're changing the consumption layer. So like, you know, when my son, you know, talks to an AI character and, you know, he's not going to wellsfargo.com, he's going to an AI character, and so like that's changing kind of how we're interacting with the computer. But also these programs are no longer kind of written by a human- Yeah ... in the same way. So I feel like the change is maybe a bit more sophisticated. Oh, I think that, but this is the, this is why it's a platform shift- Right ... and not just an application shift. Right. Yeah. Like where, where each l- each platform shift changes the abstraction layer with which you interact with computing, but what that also does is it changes th- what you write the programs to. Yeah. Do you, do you remember ever abdicating logic to- Oh, y- here's a great, like here's an example of how disruptive this can be. The, the first word processors in, in, in the DOS era, the character mode era, they all implemented their own print drivers and clipboard. So if you were Lotus and you wanted to put a chart into a memo, you, you, you couldn't 'cause you didn't have a word pro- you didn't sell a word processor, so you actually made a separate program- Uh-huh ... to make something that the leading word processor could consume. Oh. And if you were WordPerfect, your ads said, "We support 1,700 printers." Huh. Like, and you won reviews because you had 1,700 and Microsoft had 1,200. Oh, that's so... [laughs] And so then along comes- That's a great one, actually ... and then so Windows comes along, and, and if you were s- and if you were trying to enter the word processing business, step one, I need to hire a team of 17 people to build device drivers for Epson and Okidata and Canon printers 'cause you can't get them anywhere. Microsoft came along and for Windows built print drivers and a clipboard, and all of a sudden, and also Macintosh did it. Yeah, yeah. All of a sudden, you, there was a way that two applications that had no a priori knowledge of each other- Good deal. Yeah ... but of course, if you were WordPerfect or Lotus, that's a disa- Yeah, yeah. Of course, yeah ... you got creamed by that- Right ... because your ability to control- Right ... your ev- right. And so, and what happened was a bunch of developers were like, "Wow, this is cool," 'cause now I'm just by my... When we did C++ for Windows-Like we were like where w- the demo, in fact, at that Cubberley Community Center, I would go and I would show brand new Windows programmers in 1990 like, "Hey, you don't have to write print drivers and use the clipboard." And like literally standing ovation of, you know-

    25. SS

      Yeah [laughs]

    26. SS

      ... all 10 people at the thing.

    27. SS

      [laughs]

    28. SS

      And, and but, but they were like more than happy-

    29. SS

      Yeah

    30. SS

      ... to let data interchange between product, 'cause they were like, "That's nothing but opportunity for me."

  10. 45:5548:47

    Division of Labor, Specialization, and New Roles

    1. ET

      And then is there just a new set of roles? Like, like clearly there's a role in a bunch of organizations emerging, um, which is like, no, I'm just like, my role is like I'm the AI productivity person, and like I just like have a way of, of, you know, creating all new forms of productivity in the organization with AI. So like clearly we'll have a bunch of new roles, but is our current division of labor gonna also collapse in some interesting ways because of AI?

    2. SS

      Well, I, I think that, like if you actually s-stick with the medical example, they're, we're just gonna wake up and there's gonna be way more people with way more specialties.

    3. ET

      Right.

    4. SS

      And, and AI will have created-

    5. ET

      So you think it adds

    6. SS

      ... more jobs.

    7. ET

      Yeah.

    8. SS

      And in the interim, the-

    9. ET

      Do you think AI causes more specialization over time?

    10. SS

      Absolutely.

    11. ET

      Yeah.

    12. SS

      'Cause everyone's gonna, every human is gonna be way better-

    13. ET

      Right

    14. SS

      ... and, and more knowledgeable about. And I think this is a thing that, that has, has really happened with computing that people forget. Like, there used to just be like this morass of marketing-

    15. ET

      Right

    16. SS

      ... and R&D.

    17. ET

      Right.

    18. SS

      And all of a sudden, like just, just ... And there used to just be coding, and then there was coding and testing and design and product management and program management and, you know, usability and research and all of these specialties. And all of those had their own tools.

    19. ET

      Right.

    20. SS

      Go to a construction site. I, I remember growing up, these, our neighbors built a house. We lived in an apartment, and they built a house, and there was Clem, the carpenter.

    21. MC

      Yeah.

    22. SS

      And you built a house with a guy named Clem, who used all the tools and everything. And now, like you build a house, and it's like this 20-person list of sub-subcontractors, all who have whole companies that do nothing but like put in pavers, you know? And, and that's what it's gonna be.

    23. MC

      I mean, there, there's been a, there's been a long disaggregation in the history of IT, right? Like everything in the same sheet metal, then, you know, disaggregate the OS and the hardware, then you disaggregate the apps.

    24. SS

      Right.

    25. MC

      Um, and then it was kind of interesting, like in the last 15 years, we saw the app, and like independent functions got disaggregated, right? It's like almost everything became, like, like an API would become a company, right? You'd have like-

    26. SS

      Yeah

    27. MC

      ... Twilio's like Auth became a company, like PubSub became a company, et cetera. And so it may very well be the case that every agent, it becomes like a whole new vertical and a whole new-

    28. SS

      Right

    29. MC

      ... specialization.

    30. SS

      Well-

  11. 48:4754:44

    Verticalization, Applied AI, and the Future of Agents

    1. ET

      Well, I, I think you can kind of underwrite thousands of, of, of these companies emerging. So-

    2. MC

      Yeah

    3. ET

      ... uh, Jared Friedman had a tweet, um, uh, about basically like go deep on a, on a workflow. Um, you know, take, basically do the job of, of some part of the economy, payroll specialist, and then build an agent for that.

    4. MC

      Yeah.

    5. ET

      And it's not obvious that there's not literally a, like 1,000 of those.

    6. MC

      Yeah, yeah, yeah.

    7. ET

      So by every vertical-

    8. MC

      That's a whole new segmentation

    9. ET

      ... and every line of department and-

    10. SS

      I just love this because this is like literally the anti-AGI spiel.

    11. ET

      Yeah.

    12. SS

      It's basically-

    13. ET

      Right

    14. SS

      ... following like the long arc of computer science-

    15. ET

      Right

    16. SS

      ... where as the market grows, the level, the granularity can create a company.

    17. ET

      Well, it's also economic growth. Like take that-

    18. SS

      Right

    19. ET

      ... payroll example.

    20. MC

      Exactly, exactly.

    21. ET

      Like today, just like Salesforce, which is always my favorite example, like the idea of having a produc-productive sales force used to just be a consultancy.

    22. MC

      Right.

    23. SS

      And the only way you could ever fix it was hiring a consultancy to show up and analyze what everybody does, and then do a report-

    24. MC

      Right

    25. SS

      ... that says, "This is how you need to reorg." And it usually meant go the opposite of whatever you had.

    26. MC

      [laughs]

    27. SS

      A- and then they would leave. And then, you know, people tried, but there was no cloud. So to build-

    28. MC

      Right

    29. SS

      ... like CRM, you had to do all that consulting work, and then roll it out. And, and then it was static, and you couldn't maintain it.

    30. MC

      Right.

  12. 54:4455:54

    Platform Competition and the Application Layer

    1. SS

      raises, the, the big company raises the awareness of a whole category.

    2. ET

      Right. Right.

    3. SS

      And then you just swoop in and you go, w- you, to them you're, I'm just a feature.

    4. ET

      Right.

    5. MC

      Yeah.

    6. SS

      But to, to you, I'm my, this is my whole life.

    7. ET

      Right.

    8. SS

      And, and you're gonna win. Look, I just, I always come back. There's a whole company that just signs things.

    9. ET

      Right.

    10. MC

      [laughs]

    11. SS

      I, I, I like I can't, I cannot believe there's a whole company-

    12. ET

      Yeah

    13. SS

      ... that just signs things.

    14. MC

      I have so much to say about this topic. I mean, even minimally, if you graph like, like the cost to produ- the, the, so the willingness to pay for, um, an inference versus the cost to serve it.

    15. ET

      Mm.

    16. MC

      Something like for most companies, for most spaces, 20% of the inferences are 80% of the cost. So like actually the problem of the application is just to choose those ones on, which tend to be-

    17. ET

      Right

    18. MC

      ... more domain specific.

    19. SS

      Yeah, yeah.

    20. MC

      This is the problem of inviting the three of us on here-

    21. ET

      Okay. [laughs]

    22. MC

      ... which is like getting us to talk is easy.

    23. SS

      We just overbooked like the next two hours.

    24. MC

      Just getting us to shut up is the trick. [laughs] And so-

    25. ET

      Yeah. Guys, thank you so much for coming on. This was fantastic. [upbeat music]

Episode duration: 56:04

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