Most companies today are renting their intelligence a token at a time. That's @baseten @philipkiely's read, and it's the take from our conversation I wanted to highlight. AI equals @OpenAI, @AnthropicAI, @GeminiApp tokens flowing into whatever you're building. Which means the thing you're built on isn't yours. A price hike, a deprecated model, a rate limit you didn't see coming and your product breaks on someone else's schedule. You don't own your roadmap. You're leasing it. The companies Philip watches are done with that. Fine-tuning their own models, running open weights, owning their tokens end to end. The GPT wrapper era is over. He's blunt about it: cool in 2023, uncool by 2024, dead now. What replaces it is companies that own the thing they're built on. His other take:"I am not worried about an AI bubble." I didn't have to take his word for it. Since we filmed, the receipts came in. @Baseten raised a $1.5B Series F at a $13B valuation — their fourth raise in 18 months, inference volume up 40x in a year. The line in their announcement: Their customers are "more motivated than ever to own their intelligence." Same phrase Philip used with me on the pod. The companies that own their intelligence just got $1.5B of validation. The ones renting it got a deadline. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Intro (02:30) What Inference Actually Is (05:00) Why You're Renting Your Intelligence (08:00) OpenEvidence & When Latency Means Lives (11:00) Writer Who Engineers, or Engineer Who Writes? (15:00) Joining Baseten Before ChatGPT Shipped (19:00) What He Got Wrong About Inference in 2022 (23:00) GPT Wrappers Are Dead. Good. (27:00) Writing 256 Pages in a Field That Moves Weekly (32:00) The Chapter to Read With the Most Skepticism (36:00) The 24 Hours After DeepSeek Drops (42:00) Why 8 GPUs Is the Magic Number (47:00) Rent vs. Own: Where the Break-Even Sits (51:00) "I Am Not Worried About an AI Bubble" (56:00) Every Wafer Gets a Chip Pressed Into It (01:00:00) Will NVIDIA's Moat Ever Crack? (01:05:00) Is There a Black Market for GPUs? (01:09:00) Inference Engineering as a Career (01:13:00) There Are Only Two Kinds of Models This is a @Composio "Agents at Work" podcast, where I chat with founders building the next leap of AI. Follow for more :)

When Sam Bhagwat (@calcsam) went through @ycombinator, he and his co-founder joked they were 'the uncs of the batch.' Both dads. Both with a lot more experience than a 25 year old. Both with enough reps to know exactly what they're building. Sam's a two-time founder. Built @GatsbyJS (acquired by @Netlify), now building @mastra, a TypeScript framework for AI agents. Turns out life experience might be the most underrated founder skill. Is it time for a YC built for experienced operators?

wrapped up the week with a great technical conversation with @jerryjliu0, CEO & co-founder of @llama_index! Filmed 4 podcasts this week. Now time to start preparing for my next guests :) Lemme know if you wanna be on our @composio podcast btwww