Meta's integration of AI (Muse) into its existing large user base creates a sustainable competitive moat and investment opportunity via direct reach and self-sufficiency in models.

I mean, clearly, what we saw with "Muse" really attracted investors this week. It is clear that the market, as you know, has seen a massive contribution of billions of dollars to market capitalization.

"Muse" is interesting, or more broadly, meta is interesting because they already have an audience.

I think what's interesting about Meta and Muse is that they're injecting this capability directly into their massive ecosystem and their large audience. As you know, their use is very convincing.

So I think investors are now looking at this and saying, "Well, this is a big accomplishment because Meta is essentially able to reach its audience directly." This has all sorts of implications regarding cross-selling, advertising, interaction , etc.

But going back to "Meta," I think what's also interesting is to consider how long artificial intelligence will last. If you go back in time 6 months or a year, everyone was using " ChatGBT" as their personal assistant.

Now when you consider the power of the ecosystem, which is what "Meta" represents, they have a loyal fan base. Therefore, I think that offering their own version of " ChatGBT" on top of that will be in their best interest.

It will be more sustainable from the perspective of accumulating assessment. So I think this is encouraging.

Returning to Meta, what is interesting about it is your commentary on leading companies such as Anthropic and OpenAI. We have witnessed a broad democratization of artificial intelligence capabilities , specifically the capabilities of large generative language models.

What we have observed is that open-source models, most of which came from China, have dominated usage. If you look at the volume of token consumption, even among S&P 500 companies, you will find that many of them have moved to these open-source models because they are cheaper, and you can host them on your own servers if you want.

Remember that what distinguishes Meta is that they possess a delivery mechanism, and they even have their own artificial intelligence. They do not rely on leading models. This is what makes this bet even more interesting; It is a bet on the loyalty of the user who uses "Muse" without being tied to a specific provider of artificial intelligence models.

Therefore, I think Meta is an interesting investment opportunity.