Jassy's Shareholder Letter, Frontier Model Rollouts, Data Center Debates, The Next AI Capability

How are you thinking about the interaction between AI AI and crypto generally. There's been a lot of excitement even from people in AI about crypto and the intersection. But I'm curious if what your overall view is and then if it's positive, some maybe specific examples of where you expect to see it manifest first.

Yeah, I think America for the last few years before the Trump administration was fairly anti-crypto. So many of the founders left, many of the projects left, and many of the liquidity left. The biggest crypto exchanges are not in America today. The biggest blockchains, the biggest stablecoins, they're not not America-based. So I think America misses that liquidity quite a bit. America right now has very forward-looking regulations, and now people flocking back.

What do you think the cybersecurity analogy is for visual reasoning? Like cybersecurity is so equipped for text-based models. Coding agents, the entire cybersecurity threat can sort of be understood as a big string of text, more or less. Where do you think visual reasoning goes in terms of applications?