Part 10/12:
On Meta, Ives argues that skepticism is misplaced. He sees Meta’s recent stock decline as an overreaction and believes the company’s investment in chips and AI development is strategic. With over three billion users, Meta is positioned to monetize its platform significantly and benefit from AI-driven advertising and services.
He describes the AI race as a massive arms competition, with companies like Meta, Google, Microsoft, and others heavily investing to secure leadership. This ongoing battle, Ives states, is not a bubble but a sign of the beginning of the next industrial revolution. The emphasis remains on long-term growth and real-world use cases.