Goodwater Co-Founder Argues AI Winners Will Be Apps That Don't Sell AI

Chi-Hua Chien, the Goodwater Capital co-founder who backed Facebook in its earliest days, argues that the long-term winners of the AI era will not be companies "selling" models or infrastructure, but "application" companies that operate AI to deliver consumer services. The view, detailed in a TechCrunch interview, holds that commoditization of the model layer is already under way.