a16z's David George and Alex Immerman on why the AI buildout is the next chapter of "Software Is Eating the World": David: "You're seeing it in CapEx. It's heavily covered in the data center build-out. It's heavily covered in the amount of capital that's been going in to fund the model development." "To put it into very deep historical context, because this is probably the analogy that we've seen the most of, this build-out just surpassed railroads as a percentage of GDP." "We all happen to think that if you fast-forward five to seven, maybe 10 years from now, we'll be looking at these numbers, and they'll probably be 20x higher cumulatively." Alex: "This does feel like the next chapter of Marc's 'Software Is Eating the World.' Over the last 15 years, software has transformed all these industries, but only a small fraction of the population could build it. None of us could." "But today, look at us. We all have a handful of automations running every night. If you think about the software demand, that means a lot more compute, chips, power, construction." @DavidGeorge83 @aleximm