Conventional valuation methods were built for the industrial age. They do not apply to exponential-growth technology platforms.
We spend more on technology than most tech companies our size. That is not a cost. That is the business.
Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.
The Ethereum protocol was not originally designed as a currency. It was designed as a general-purpose blockchain.
We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.
Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep.
India is the new China. Not because it is like China, but because it is the next billion-person market building technology at scale.
The network state is a highly aligned online community with the capacity for collective action that crowdfunds territory around the world.
We built Spark because we were frustrated users ourselves. The best companies come from people solving their own problems.
The lakehouse is not about combining two things. It's about eliminating the need to choose between them in the first place.
If you make something 100x faster, you don't just do the same things faster — you do entirely different things.
Separating storage from compute sounds like a technical detail. It's actually a business model revolution.
The data warehouse is dead. Long live the Data Cloud.
We didn't set out to build a better data warehouse. We set out to build data warehousing the way it should have been built if the cloud existed first.
The browser is the most powerful distribution mechanism ever created. If your product runs in the browser, everyone in the world can use it instantly.
If you can't beat AI, join it. Literally. With a chip in your brain.
We're not building a medical device. We're building a general-purpose brain interface that starts with medical applications.
The first human patient was able to control a computer cursor with his thoughts within days. Not months, not years. Days.
The bandwidth between your brain and a computer is currently about 10 bits per second when you're typing on your phone. We want to make it millions.
The lesson from Ukraine is clear: cheap autonomous systems beat expensive legacy platforms. The $500 drone is the new $50 million fighter jet.
People wave at our vehicles. Kids chase them down the street. That's how you know autonomous delivery is going to work — it makes people smile, not scared.
The camera is the new keyboard. The way people communicate is fundamentally shifting from text to visual, and we're building for that world.
The fax machine is still the backbone of American healthcare communication. That tells you everything about how much room there is for improvement.
Machine learning predicts which products will sell in which stores based on location, category, and patterns from millions of transactions. A boutique in Austin gets different recommendations than one in Brooklyn. That's the moat.
The technology works. The optics are best-in-class. The field of view is the widest in AR. Our problem was never the product — it was finding the right market for it. Enterprise was always the answer.
In a world where everything is being rebuilt by software, the question is not whether a given industry will be disrupted. It's when, and by whom.
The internet is still in the early innings globally. The companies being built now in emerging markets will look obvious in hindsight, the way Amazon looks obvious now.
The information revolution is going to be as big as — or even bigger than — the industrial revolution. This is just the beginning.
I believe we are at the beginning of a new era — the era of the fourth industrial revolution, driven by digital technology.
Mobile has surpassed desktop internet usage. That shift changes everything about how you build a product and how you reach customers.
Data is the new oil. But like oil, it's only valuable if it's refined.
AI is the new platform shift. The companies that will define the next decade are being built right now, mostly by people nobody has heard of yet.
Programmers at the leading edge of technology will always be able to make a living. It's the people who are trying to be programmers without actually being good at it that will suffer.
We are living at the most remarkable moment in human history. The internet is the most transformative technology since the printing press.
The best technology companies have flywheels. More users create more data, more data creates better products, better products attract more users. When you find a real flywheel, you hold on.
We've lent over $10 billion and our default rate is close to zero. Not low — close to zero. That's not luck. That's credit intelligence powered by technology that traditional banks don't have.
I have been working on distributed systems my entire career. AI just happens to be the most important distributed systems problem of this generation.
Tax-loss harvesting alone can add 1 to 2 percent to your annual returns. Most advisors do not bother because it is tedious. Our software does it automatically, every single day.
We are not a payment company. We are a technology company that happens to process payments. That distinction matters.
I don't think being CEO is that interesting. I would rather explore new technologies and read science fiction. Running a company is mostly meetings.
The algorithm doesn't care what you think you want to see. It cares about what you actually watch. That's a more honest mirror than any survey.
Technology should be accessible to everyone. The idea that great products are only for rich people is the biggest lie in the tech industry.
Uniqlo is not a fashion company. It is a technology company that happens to make clothes. Our fabrics are engineered, not designed.
Technology should reduce inequality, not increase it. If your platform makes rich people's lives easier and poor people's lives harder, you've built the wrong thing.
Africa doesn't need charity. It needs connectivity, capital, and competent entrepreneurs. Give a village internet access and watch what happens — you don't need to tell them what to do with it.
The beauty of an AMM is that it replaces an entire industry — market makers, order books, matching engines — with a single mathematical formula. Math doesn't take days off or play favorites.
Proof of History was my "shower thought" moment. If you give validators a cryptographic clock, they don't have to wait for each other. They can process transactions in parallel. Simple idea, brutal to implement.
Technology should be public infrastructure, not a private moat. Identity, payments, data sharing — these should be open platforms that anyone can build on. Like roads. Like electricity. Open and universal.
Most blockchains finalize transactions in minutes. Avalanche does it in under one second. That's not an incremental improvement. That's a different category of technology.
The Transformer paper changed AI forever. I want Near to do the same for decentralized computing. One foundational technology that enables everything that comes after it.
516 miles of EPA-rated range. No other EV comes close. That's not a marketing claim — it's physics. Our powertrain is the most efficient on the planet, and the numbers prove it.
The Blade Battery cannot catch fire. We drove a nail through it on camera and it didn't explode. That's not marketing — that's chemistry. Safety should never be a premium feature. It should be standard.
Solid-state batteries are the holy grail of energy storage. If we crack it, electric cars charge in 15 minutes, go 500 miles, and never catch fire. That's not incremental — that's transformational.
We've been working on this for over a decade. Every major battery company has tried solid-state and failed. We're still here because our ceramic separator actually works — and we can prove it with data, not promises.
We can recover 95% of the critical minerals from a dead battery — lithium, cobalt, nickel, copper — and turn them back into battery-grade materials. That's not recycling. That's a closed-loop supply chain.
A microinverter is the size of a paperback book and it does more for your solar system than the giant box that used to sit on your garage wall.
Every previous fusion attempt tried to boil water with plasma. We skip the steam turbine entirely and convert fusion energy directly to electricity. Simpler is better.
We turn CO2 into stone. Literally. We inject it underground in Iceland and it mineralizes into rock within two years. Permanent removal, not temporary storage.
Global shipping is a $2 trillion industry running on fax machines and phone calls. We thought maybe a computer could help.
AI is the new electricity. Just as electricity transformed every industry 100 years ago, AI will transform every industry now.
When 100,000 people signed up for my Stanford machine learning course online, I realized education was about to change forever.
The GPU was designed for gaming. It turns out the math you need for photorealistic explosions is the same math you need for artificial intelligence. Lucky us.
60% of our orders are digital. We are a tech company that happens to sell salads. The app is as important as the kitchen.
We are not just a rocket company. We are a manufacturing company. The 3D printing technology we built has applications far beyond space.
We built our first satellites in a garage using smartphone components. A CubeSat the size of a loaf of bread can photograph a city.
Patience is our competitive advantage. Everyone else rushed to launch before the technology was ready. We waited until it was.
Unreal Engine is not a product. It is a shared language for building the future of interactive entertainment.
PostgreSQL has been around for 30 years. Why would we invent a new database when the best one already exists.
Augmented reality will be bigger than the smartphone. The smartphone replaced the camera the map and the newspaper. AR will replace the smartphone.
The best technology becomes invisible. You should not think about the 3D scan. You should think about the building.
We started with expensive cameras. Now you can scan a room with your iPhone. Democratizing the technology is what changes everything.
Every building in the world will have a digital twin. The question is not if but when.
Ethereum can do 15 transactions per second. Arbitrum can do thousands. We are the express lane.
Princeton taught us to think rigorously about cryptographic systems. That rigor is why Arbitrum works.
160,000 transactions per second. That is not a theoretical maximum. That is what we built.
Move is the most secure smart contract language ever built. It was designed at one of the biggest tech companies on earth. That matters.
We built the Chimera engine. Turbine at low speed. Ramjet at hypersonic speed. One engine. Two modes. Nobody else has done this.
Reversible rusting. That is the entire technology. Iron rusts to discharge. You reverse the rust to charge. Nature has been doing this for billions of years.
The battery is made of iron and air. The raw materials cost almost nothing. That is the whole point.
The number one benefit of information technology is that it empowers people to do what they want to do.
Cloud is not the future. Cloud is the present. We had to move fast or be left behind.
When I first brought a computer to the trading floor, they told me I was cheating. I was just faster.
Algorithmic stablecoins are the future of money. They don't need a bank vault. They need good code.
Technology trends are driven by developers, not analysts. Follow what developers are building.
Restaurants are the most technology-resistant industry in America. We convinced 120,000 of them to change.
COVID almost killed the restaurant industry. It also proved that restaurants need technology to survive.
With great power comes great responsibility. Voice cloning can do amazing things and terrible things.
Cap tables should not live in spreadsheets. That's insane. They're legal documents worth billions.
Technology in healthcare should serve patients, not administrators. We built Devoted around that principle.
The Orb scans your iris, creates a cryptographic proof, and deletes the image. Privacy by design.
I was the U.S. CTO. I saw how bad government technology was. I knew healthcare could be done better.
Companies manage money with the rigor of an audit. They manage people with a spreadsheet. That's backwards.
Gas-free transactions. Instant trades. Carbon-neutral. That's what gaming on Immutable feels like.
Autonomous vehicles need maps that update in real-time. That's a very different problem than showing you a pizza place.
AI will be the most transformative technology in human history, but we should approach it with both excitement and caution.
Exponential technologies will solve humanity's biggest problems. We just need to invest at the right scale.
Invest in core technology when it's expensive and uncertain, because by the time it's cheap and proven, the opportunity is gone.
Machine learning scores every deal on 200 variables. We know more about a building than its owner does.
BoweryOS optimizes every variable — light, water, nutrients, harvest timing. AI makes farming precise.
Algorithms can't price unique homes accurately enough. Every house is a snowflake of mechanical risk.
Fraud detection at PayPal was an arms race. The fraudsters were incredibly creative. We had to be more creative.
The camera is the new keyboard. That was our bet from the beginning.
I write code every week. I'm a CTO. That's what CTOs should do.
We built Snapchat because we wanted to talk to our friends without every message living on the internet forever.
AR isn't the future. It's already here. 250 million people use our AR lenses every day.
The best opportunities are in markets where great entrepreneurs meet massive populations coming online for the first time.
eBay paid $2.6 billion for Skype. Microsoft paid $8.5 billion. The lesson: great technology only gets more valuable.
Lab diamonds will get better and cheaper. That's why we sold. You don't fight technology. You adapt or exit.
516 miles of range. Not because it's a nice number, but because it proves our technology is a generation ahead.
The best investment you can make is in the engineers who build your systems. Technology compounds the same way capital does.
Two Sigma is a technology company that happens to trade financial markets. We have more engineers than traders.
The industrial internet is real. The companies that figure out the software layer on top of their hardware will win the next century.
The national security community needs Silicon Valley. And Silicon Valley needs to understand why national security matters. We are better together than apart.
The Internet is the world's largest ungoverned space. Governments are going to have to deal with that, but so will businesses.
People analytics should empower employees, not surveil them. The moment your team feels watched instead of supported, you have lost.
Most HR software is built for desk workers by desk workers. Nobody bothered to ask the restaurant manager what they actually need.
Most ATS products are built for compliance, not for hiring. There is a massive difference. One protects you from lawsuits. The other helps you find great people.
The best recruiting teams operate like sales teams. They need a CRM, analytics, and automation. Not a glorified spreadsheet with a careers page.
Remote work is not a trend. It is a correction. For decades, companies pretended that great engineers only existed within a 30-mile radius of their office.
Silicon Valley does not have a talent shortage. It has a geography problem. We solved it.
Most insurtech companies are just putting a pretty website on top of the same old insurance. We rebuilt the entire stack from scratch.
We can bundle home and auto insurance in 30 seconds because we use data that already exists instead of asking you 50 questions.
Telematics data lets us price risk based on how you actually drive, not based on your age and postcode. That is fairer for everyone.
We process claims in hours, not weeks. When someone's phone breaks, they should not have to wait 30 days and fill out 10 forms to get it replaced.
Concrete is the second most consumed substance on Earth after water. If we can print with it instead of pour it, we eliminate half the waste in construction.
Our composite material cures in minutes under UV light. Traditional concrete takes days. That speed difference changes the entire economics of construction.
3D printing a house is not science fiction. We do it every day. The hard part is not the technology. It is convincing building inspectors that a printed wall is stronger than a framed one.
Software is the secret weapon in construction. We wrote custom code to track every single component from milling to installation. That is how we keep costs predictable.
Making games is like making movies. You need to combine technology and art perfectly.
The internet changes the form of entertainment, but human nature stays the same. People want to play, to compete, to connect.
In-memory computing will change everything about how businesses operate. The database is the bottleneck, and we just removed it.
LiDAR is the only sensor that gives you a true 3D understanding of the world. Cameras can see. LiDAR can measure. That difference saves lives.
We replaced 200 pounds of physical weights with electromagnets. The physics is simple. The engineering is insanely hard.
The most powerful thing technology can do is connect a willing buyer with a willing seller.
eBay was built on the idea that people are basically good. Give them the tools and they'll do the right thing.
AI is the new electricity.
The data is the answer. If you don't have data, you have opinions. I prefer data.
Disruptors come and go. Good products last. The best response to disruption is to make something better.
Technology can make insurance something people understand and want — not just something they're told they need.
Man Group's edge is its people and its technology. The algorithms do not guess — they learn. That discipline is what separates us.
We are not simply a content company or a technology company. We are both. And the convergence of the two is where the opportunity lies.
AI safety is one of the most important and most neglected problems we are aware of. That combination is exactly what we look for.
At eBay, I realized that technology could be a great equalizer — that it could give ordinary people access to markets and opportunities that only large corporations had before.
Real-time information is the most valuable asset in any business. The companies that win are the ones that act on information before it goes stale.
Blockchain isn't useful because it's new technology. It's useful when it solves a real problem that existing systems can't.
AI is not going to replace humans. But humans using AI will replace humans not using AI.
Technology is not a nice-to-have in mining anymore. It is the only sustainable source of productivity improvement we have left.
You can't build a $110-billion global industry based on cheap labour.
Generative AI in the creative and in the art space is going to augment human ingenuity and not replace it.
I don't even think we mentioned the word cloud networking when I joined Arista.
The rise of AI and automation is going to be the defining trend of the 21st century and will be a disruptive force in society.
We believe there is a clear opportunity for Synopsys's financial performance to more fully reflect the value it delivers.
one of the preeminent software companies in the world
Technology does not just improve finance. It rebuilds it from the ground up.
Great technology should not be trapped by borders.
Search is a matter of sovereignty. A country that hands its search over to someone else loses something important.
I don't want to create services just for technology's sake, but services that make convenience accessible to people.
Crypto is not just a new asset. It is a new way to build the internet.
Software is a great combination of artistry and engineering.