To date, a handful of large companies have captured the value created by advances in AI. a16z general partner Martin Casado explains why with generative AI, that’s changing.

[0:00] AI economics before
[2:30] The AI mediocrity spiral
[6:23] The economics of Generative AI
[11:53] The third epoch of compute
[13:35] Jevon's Paradox

This conversation is part of our AI Revolution series, which features some of the most impactful builders in the field of AI discussing and debating where we are, where we’re going, and the big open questions in AI. Find more content from our AI Revolution series on www.a16z.com/AIRevolution.