20VC: Nikesh Arora on the Frontier Model Problem: Breadth vs Depth | The Future of Token Costs | Memory Becoming the Moat | Where Value Accrues: Infra, Models, or Apps? | Why Enterprise AI is Not Ready & Systems of Record vs Systems of Intelligence

I think the long term token pricing should be one tenth of what it is today. Mythos ended up, I think ends up being an accelerant to cybersecurity. In technology, you miss one trick, you can survive, you miss two tricks, you're partly impelled, you miss three tricks, you could be obsolete. I came to the United States with two suitcases, $200, and I was willing to do anything, anything at all, to make sure that I made a life for myself because there was no Way to go back.

And when I came to the United States, I was a security guard. I took notes for the disabled. I flipped burgers at Burger King. I had $200. I had to find a way of paying my tuition.

This is 20 VC with me, Harry Stabbings. In the hot seat state, we have Nikash Aurora. Nikesh is the CEO at Palo Alto Networks. They have a market cap of 225 billion. Nikesh is one of the most respected operators in technology.

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