# E402: $92B Coatue: Where the Value in AI Will Accrue

Page: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e402-92b-coatue-where-the-value-in-ai-will-accrue
Text version: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e402-92b-coatue-where-the-value-in-ai-will-accrue.md
Podcast: [How I Invest with David Weisburd](https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713)
Published: 2026-07-13T12:45:00+00:00
Episode link: https://howiinvestpodcast.com/episodes/SADEQM7wkBI
Audio file: https://dts.podtrac.com/redirect.mp3/media.podcastai.com/episodes/SADEQM7wkBI.mp3?u=1784227603
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/how-i-invest-with-david-weisburd-6470713/episodes/e402-92b-coatue-where-the-value-in-ai-will-accrue
Duration seconds: 2979

## Resource

Everyone is asking which AI company will win. Lucas Swisher thinks investors are asking the wrong question. The biggest opportunities won't necessarily come from picking a single model or application. They'll come from understanding where durable advantages are created across the AI stack. Drawing on Coatue's investments in companies like OpenAI, Anthropic, Databricks, and SpaceX, Lucas explains why talent compounds, why data infrastructure may outlast today's application boom, why companies become harder—not easier—to disrupt as they scale, and how AI is reshaping the economics of software, semiconductors, and enterprise technology.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/how-i-invest-with-david-weisburd-6470713/episodes/e402-92b-coatue-where-the-value-in-ai-will-accrue/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e402-92b-coatue-where-the-value-in-ai-will-accrue.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.