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Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23

The Exchange

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The Future of Cloud Computing

Daniel: This is one of the most breakthrough transcendent technological innovations we've seen. I think it's going to create a lot of stickiness in these third party cloud providers and also drive revenue upside for a decade. 95% of businesses will not build their own 175 billion foundation model. They'll build apps on the ones that exist at the big cloud providers.

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