YouSaid · the spoken record

Ray Ozzie

lines on the record: 92
first: 2024-10-01
most recent: 2024-10-01
sittings or episodes: 1
sources: podcast

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“Very unique relationship, and I spun off and did a startup. It was a very unusual way of being funded, but he gave me that opportunity. And like I said, he didn't understand it. A career is the connection, the sequencing of many relationships and much learning. And that was probably the biggest single leverage point.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Device. And it was early in the industry. It was too early, but he could see that was my passion. And after I did some work for him, I built a product with a few guys, of course, called Symphony, the day that that product shipped. He came down to my office unprompted and said, Ray, I know you've been on the side trying to get venture capital. I know that nobody will listen to you. I know that you've been striking out. You've told me, John's told me, let's figure out a way that you can do what you want to do. I don't understand what you're trying to do. I don't get it, but you clearly are good at what you do and you have a passion about it. So let's figure it out. So for the next six to nine months, we negotiated and we found a way to structure a relationship. And it was a very”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“The kindest thing that has ever been done was on the career side was done by a man named Mitch Capor who was part of the hacker hustler duo of Mitch Caper and John Sachs who did Lotus 123. And Mitch could see that I had a passion in a certain realm. This was in prototyping the product that eventually would become Lotus Notes. I was only a small number of years out of college. I was a pretty decent engineer. I worked on spreadsheets at personal software for Dan Bricklin and Bob Frankson. Very fortunate with that. And then I went to work on a little spreadsheet work for Mitch and John. But those guys saw that that isn't what was exciting me. What was exciting me was this concept of people collaborating using the computer as a community.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Who specialize in machining this part or doing this and that, they probably use their capital and ability to hire skills only on certain skill sets. But anyway, my recommendation is if you're a young entrepreneur and you don't have a lot of experience, don't just gravitate to building a consumer app or a consumer device or something like that you can learn by building anything, but they're not teaching you what are the things that are going to make the most impact on society and probably they're not giving you the things that will be most valuable for your entire career. You learn immense things by working with people in teams, by working on units of larger products and larger entities. And you will learn how these enterprises buy things, why it's important to understand”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Anybody really wants an education, go all the way back to the 30s and read the nature of the firm by Ron Coase. In those days, the big company was all there was and minimizing transaction costs was the only purpose of the firm. We are in a completely different era now where the firm is actually a very complex network of small entities bound by common economics and purpose. And the organizational form for many industries is no longer one big enterprise. It's lots of little companies that work together to develop an ultimate end product. I'll bet you if you look at somebody like SpaceX, they didn't develop everything themselves. They have a network of subcontractors.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“By applying technology skills to the problems at scale in enterprise because of the nature of enterprise right now, you can have huge impact to large enterprises at scale, even by working for a small to medium-sized enterprise. I know this is a little counterintuitive, but”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“I'll say one thing, which I think is a little different than what certain people, particularly leaving college, might hear. Believe that you can't develop for the enterprise unless you understand the enterprise and you can't understand it unless you live in it for a while. I strongly encourage people who are leaving college to go do a tour of duty. Of several years within a big company. You could say the same thing about government. You're not really going to understand the organizational dynamics or bureaucratic dynamics unless you actually live in one. You're never going to understand what a nonprofit is like unless you do a tour of duty inside a nonprofit because hurting volunteers is different than hierarchical decision making and command and control within an enterprise. I think there is just immense value to be delivered to society.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“We haven't even scratched the surface of LLMs. I just couldn't be more excited. And the reason I'm in this industry and engaged to the degree that I'm at is that you can imagine and then reimagine different domains based on new mixtures, new compositions of technologies that are appearing every day. And what is the new technology that's going to happen five years from now? It's fun.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“They're all stacking on each other. We still have not internalized the innovations of the past today, and we're still building them on top of each other. Every one of the things that I mentioned is still growing. Computation is still growing. It's not growing in one CPU. It's growing in parallel and in application specific processors storage is still growing. Networking is growing from the wireless realm with all these different radio access technologies. We've got chiplets now. We've got a clean separation between the parts of the stack in that ecosystem. AI, different types of databases.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Have to say, number one, that I'm just super fortunate to have been born when I was. Be able to be alive during this velocity of interesting problems to be solved and interesting technologies to solve them. There has never been an era like there is right now. And as far as I can see, there will never be an era like tomorrow, meaning”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Is built on the same underlying technologies. There is a chat window to the right. There's a document management system underneath. There is a query mechanism to help you find everything. There's an access control subsystem. If you really want to make a difference to the world, focus on a domain. The more you can focus on the domain, the more value you will be creating. You can make a lot of money both ways, but you will make a lot of money as a platform provider over the long term only if you're a big player, if you're one of the few big players. Everybody makes money on picks and shovels early on in a domain. But over time, the only ones who make a good living who earn good money on commodity technologies are the few. Biggest players, whereas there will always be immense value in domain specificity.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, technologists like to focus on technologies and platforms, and they tend to intuitively get excited by those problems, but fairly early in career, this was in the notes era, I learned that business value rises nonlinearly in proportion to domain specificity. That is, you can have an email system or a shared forum where people swap information. And ultimately that platform will become a commodity. It's just a matter of time. Whereas a sales force automation system or a legal document management system because of its domain specificity.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“How LLMs, which are the accumulation of the knowledge of the really deep specialists and the writings, whether it's code or writings or schematics of people operating at the systems level, I don't really know yet the capabilities that are going to happen at that level. It's going to be an exciting time.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Piece of a user interface. And there are those people who really, through their skills, have learned to build an operating system and a very, very large application in hardware. There are analog engineers who really understand certain aspects of it. There are people who design secure elements and understand hardware side channel attacks. It's very difficult right now to find semiconductor people who bridge up into firmware, the firmware people who get cloud. And yet it's all holistic now, an intelligent machine has to be from the chip level, maybe using an application-specific inference engine all the way up through that cloud service. The more you can Have a systems understanding, the more valuable you will become and the fewer people there are. I don't know”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“I actually believe the core skill is similar in some ways. It's just that there are different disciplines. The thing that I Grew to respect very early in career. We don't talk about a lot these days on the software side, which is systems thinking. Let's take it into a completely different discipline, architecture. You can have architects and others in that discipline who understand very small units of design. there are the few systems people who can build an entire skyscraper. They understand how it all fits together. And it's a fractal problem. There are some people who may understand some little part of a valve, and there are others who understand how to build a rocket and others who understand how to go to the moon in software systems. There are people who write device drivers and who understand how to do unit testing on device drivers or on a”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Industry, that's what software was like. We had card decks and you had to, I mean, I know I'm showing my age here, but you had to go type out the car deck. You had to go give it to the operator with JCL, you know, cards on the front and back, run the job, get it, go see if it did the solution. We're still in that era with regard to physical devices. Over time, I believe AI and LLMs they hold some promise in that realm. It's very difficult to see today, especially if you're one of those people with those skills, but shortening the cycle time for creation of physical products, I think is really exciting. And we're not there yet.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Is the easy button for physical products for hardware design? Right now there is a shortage of really strong talent who understands how to design and build hardware devices. It's not a black art, it's a skill. And I really have tremendous respect for people who have learned that skill through apprenticeship and formally to build low power devices, to build very energy efficient devices, but there is still a number of spins that must happen. You must conceptualize the solution, prototype it, spin it into an initial hardware prototype, put it into use, refine it, go through that same process. Again, when I started in this.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“What solutions will happen with that with some of the technologies that have happened with 5G and have not yet been absorbed into solutions and are coming with future generations? There's mind-boggling bandwidths that are possible on a point-to-point basis, on a line-of-sight basis, and so on. There's just so much innovation in the area that I'm closest to right now where I want to see innovation.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“There's so much that's in flight right now concurrently. I want to be super honest with you that I'm just trying to absorb all of this thing. We haven't even talked about radio access technologies, but there's as much innovation going out on the radio access technology space as there has been in the semiconductor space and as there is in the AI realm. Satellite has the potential of delivering 100% ubiquitous coverage where we didn't have that before. We've had cellular systems out there that handle where there's population. But now with companies like Skylow or AST, there are possibilities that cellular-based backend technologies will be able to be used with new radio access technologies to deliver ubiquitous connectivity.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Things that you can do to help operations personnel or even the people in the business unit who are looking at IoT data to say, oh, which ones have a higher frequency of X happening or which ones haven't reported? You can create these dashboards. That's the classic way of getting value from large data sets. Another way of getting value is using analytics tools to do queries. An interesting thing that we're experimenting with is what if you could use LLMs to describe the query that you would like to do and then generate queries and then generate charts based on the problem that you're trying to solve as opposed to being so hyper explicit. I think there are going to be Many possibilities in that realm as people do more and more experimentation.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“To just gather as much data as you can. Don't even clean it, just gather data, gather data. If you have the transport bandwidth, bring that data to the service. Don't do the inference and reduce it on the device. Bring it up to the service if you can and just record vast amounts of it and then let LLM technology, some of which has not been developed yet, but the promise is to use some of that technology with huge context windows to learn what an anomaly actually looks like. But there's also exciting technology in the human interface. Some of the stuff that we're doing haven't released yet, but we're experimenting with the concept of dashboard by query. If you have a lot of data, there are many.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Is to look at it sector by sector and say what sector do you have a personal interest or connection to and how can you jump forward and envision that sector transforming fundamentally and then back solving what are the steps going from here to there. In the IoT world, the way that I'm looking at it is both from a human interface perspective and from the classic perspective, which is anomaly detection, the past way of using machine learning is to manually tag data and to generate very clean data sets and then use machine learning algorithms to do that. I'm sure that's still happening in many sectors, particularly life-critical sectors. But the modern thing to do”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“A broad range of questions that today it's very expensive to answer or may not be answered at all. You see this in coding a lot. Some people with regard to programming think about it writing the code. But in actual fact, it also answers quick questions about algorithms and APIs. It's an amazing UI to the world's API reference manuals that are out there and sector by sector. This is true. Imagine AI having ingested all case law, all schematics that have been built by engineers. It is really going to be a supercharger from a human interface perspective. I believe the greatest potential for entrepreneurs right now”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Assuming it's going to be an embedded technology. I mean, let me actually step back. There is artificial general intelligence and speculation about whether we're going to get to that point. And I'm really not talking about that right now when we're having this conversation. I'm really just talking about the technology at its current or slightly projected level of maturity. As I look at it right now, I divide things into LLMs as a human interface accelerator or supercharger where it can scale in ways that humans cannot in ingesting large amounts of information. And there are questions that it's able to competently or semi-competently with the hallucination asterisk. It can very competently answer.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Even broader disillusionment, I think that is yet to come, which is consumer IoT smart home technology. We're in a phase right now where everybody's getting smart light bulbs or everybody's hooking things up to Wi-Fi. And over time, some of these things will lock in, but there is going to be a lot of disillusionment because people are connecting things just because they can, not because they should. As people move from home to home and realize the amount of equipment they've got to retrain or reset and reconfigure some of the bloom will be off the rose there. But on the commercial side, it's really taking off. We went from an era of, I think, early trial, then a trough of disillusionment as people couldn't figure out how to backhaul. Now onto the General satisfaction and excitement with the potential of the technology.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“From it, suddenly people can imagine an impact in a form that they can understand. And once llama was released and developers could start to see how they could integrate these things with their own systems, suddenly things take off at a rate that they just couldn't before. With IoT, let's not forget that there is hardware involved. And many of us, as you said, it's maybe 10, 15 years ago, there was a lot of potential and the excitement, again, I believe is accessibility. As long as it's a technology that can only be utilized, Bay Area companies or companies that are extremely rich with big IT budgets, it will not fulfill its promise, whereas once it becomes possible for most everyone to do it, Suddenly it's much more relevant. I am mostly excited about what I call commercial IoT. There is an entire sector where there's another”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, maybe I'm oversimplifying, but let's start with AI. The fundamental thing is accessibility. Machine learning has really been powerful and has had great returns within certain sectors. The people where you could hire data scientists, where you have a good flow of data, where you had enough of an investment to tag that data so that you could very clearly lay out to the machine learning systems what an anomaly would look like. And there are many sectors in manufacturing and others in logistics where that data, where machine learning, even in medicine, where that technology has been used. But once you see a chatbot and everyone can just talk to it and understand and get some value.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“And that's the center of conversation right now. When you think about the stories I was talking about, Ukraine, when the stories I'm talking about are customers here, I am excited about intelligent cyber physical systems in a commercial sense, everything that you buy will be in some way, shape, or form, having a service-based value proposition, much as I talked about in that 2005 memo.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Of weather buoys as few and large in the ocean, but they airdrop small buoys into the ocean and they're the world's largest privately owned network now of ocean sensors. They're doing this for sustainability. They help maritime shipping optimize the loading and unloading and the traffic patterns of where they go based on really micro-optimizing what the ocean patterns are like in real time at any given point in time. And for some buoys that happen to be near the coast within several miles of the coast, they happen to automatically use cellular for the ones that are in blue water. They automatically can use satellite. So anyway, I'm obviously super excited about this at a very high level, again, I believe people are very excited about LLMs and chatbots.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“You know where they are, you know if some kid is kicked it over, you know the number of door opens and closes, you know the using gas sensors, the relative smell, you can change the value proposition for the customers and improve the productamentally. And this will be simply ubiquitous healthcare. We have a number of customers on the healthcare side. Some of this started during COVID where a very innovative entrepreneur in the Caribbean where they don't have as much hospital infrastructure built equipment that they would put for in-home care that would let doctors remotely monitor a broader population. We have one customer so far ocean who actually motivated us to do satellite where they have embedded these little buoys.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“In cars, but the trucks are to me the most interesting because by embedding a battery management system and cloud backhaul into every battery, you can help the customer understand when it's best to power the truck by battery or by fuel. You can save fuel and extend the battery life by understanding the drainage patterns of those batteries someday we are not going to even consider the concept of somebody buying a battery or a propane if you're on the east coast many people use propane tanks or oil tanks. The concept of having one of those things that is not cloud connected and doesn't have built into its value proposition the data is going to be simply Unheard of. We have one customer again hard to conceptualize. It's one of the world's largest porta potty manufacturers. And why would you connect a portapotty?”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“They can tune the energy management of those devices dynamically based on the actual in-situ loads, and they can give a better customer experience in the true manufacturing case. Some of those coolers are holding beer and some are holding vaccines. They can tell those customers about spoilage and give them actual data. And it's transforming their business. Another one, American Crane is a small business that makes very large cranes. Department of Energy, Department of Defense for all sorts of sectors. They embed intelligence into the cranes. One of the ones that's most exciting to me is a company I can't name, but it's one of the world's largest automotive and truck battery manufacturers. They manufacture the batteries that go in long-haul trucks.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“To just ship these refrigerators, whether it's to a small sandwich shop where you see one cooler with drinks in it, or it could be somebody like a Walmart or a Target where you see rows and rows of glass windows, those used to be shipped, as I was saying about Microsoft, like boxes. And the company itself never actually had touch with the ultimate customer. They sold to a distribution channel and the distribution channel then sells to the customer. In this new era, the manufacturer, every manufacturer, even if they have a multi-tier distribution network, gets an opportunity to understand how their product is being used, what the failures are, what they aren't in order to help the channel understand and the customer themselves, how to repair them better.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“It's a really difficult question to answer because from where I sit, the reason we're doing it is because I believe the number of use cases is inherently broad, just like software itself and the things that excite me the most emotionally perhaps as a citizen are the environment and sustainability related use cases. I mean, maybe I should just summarize a little bit of how people are using it. We have a company called True Manufacturing, a large customer who's a private manufacturing business in the Midwest in Missouri, founded in 1940. They build high-end commercial refrigeration ice making, kitchen equipment. They need embedded intelligence in their equipment, both for preventative maintenance and to improve the customer experience.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“And the semiconductor revolution and the revolution in wireless technology impact each of those use cases. And then if you can envision those use cases, you will immediately see the opportunities as to what role you personally or your company can have in addressing those use cases. The reason I did it in the memo was because people have a much easier time understanding how something can be actionable the more you localize it, the more you can contextualize it in terms that people live on a day-to-day basis.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“If you were born 10 years from now, 15 years from now, and all of that technology is humdrum, what would it look like? How would it transform the customer experience? How would it transform the developer experience? How would it transform business value propositions within different industries within Microsoft? It was division by division because those were the relevant use cases. What's exciting to me is visiting not just software use cases, but also hardware use cases. In mind, you've got manufacturing, transportation, logistics, the environment, sustainability is something that is weaving itself through so many different sectors, energy and sustainability, sector by sector, how have these new technologies, how will AI.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“All of these exciting enabling technologies will be commodity AI technologies are going to be no different than relational database technologies were back in the day. They will be runtime libraries that can be built into every application solution. There will be open models that are available. And the question isn't really how are you going to make money from the technology The question is how is that technology going to reshape society and business? And so after the framing, I would go use case by use case and try to jump to the future and look backward and say within this use case how will it be fundamentally transformed?”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Think I would open by saying what the key enabling technologies are certainly today one of the most significant is AI, AI and ML, much as cloud was an enabling technology there. Another enabling technology that is, I think, too easily dismissed is something that Chris Anderson referred to as the piece dividend from the smartphone wars, which is the inexpensive, ubiquitous semiconductor technology. If you can imagine it in hardware now, you can build it. Whereas that was only really possible in software before. So I would begin by framing these things. And I would say because it's very difficult for people to conceptualize this, they need to be reminded. There will be a point in the not too disant future that”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“The senior leadership has done to fulfill the promise of what we had dreamt about in that era when I had written that memo. What I did was kick off that era, what has become of it really is so many people deserve so much credit for what that organization has become.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Of technology, he would create groups in the company would, over a very long period of time, create forcing functions by scheduling meetings with Bill, where he would grill people with questions at every level of the stack. Steve did the exact same thing on the business side. Steve, when he held global business reviews, understood that business at levels of details better than pretty much anybody in many cases better than the business leaders themselves is quite a unique organization and I've competed very, very hard with Microsoft. They were the arch enemy when I was doing Lotus Notes, even though I knew the people very, very well exchanged SharePoint was the direct competitor of what I had done at Lotus Notes. But I'm extremely pleased to see what Satya and the organ”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Bill is a very unique individual. We've talked about a number of different aspects that he has and that the combination of Bill and Steve had over time, some of the patterns that you would recognize are Bill and Steve are a hacker hustler pair. They did very, very well in that realm. On the other hand, Bill himself was very unique in the industry in the early days when I was growing up because he was one of the few who understood all three of technology, the market, the technology use case, and business, all three of those in one individual. Another aspect of Bill that in recent weeks has gotten a lot of airplay is founder mode, these very detail oriented, and he had no fear of diving into the deep detail.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Computation and storage operating environment be like, well, that is what eventually became Azure. And that memo was a way of me communicating that vision to the company in a way that was culturally compatible with the way that that culture receives disruptions. Bill had written several different memos at the time. When I came in, Bill had asked me to assume his role because he was on his way out to do work on the foundation. So he gave me a lot of coaching on that when I took on his role as chief software architect. So that was kind of the kickoff of that era.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Bach's mentality. In the meantime, here is a company Google who is at the bleeding edge of a completely new era. They were born into a services era. And I believe you have to take on the mentality of the era and then try to backslave what that future environment is going to be like as opposed to trying to incrementally get there. So when I wrote that memo, I looked at each business unit and I said, what would that future world look like? What does it look like for a connected Xbox world? So that means Xbox Live. What does it mean for a connected productivity world that would be what today we call office 365 at the time we called it Office Live? What would a connected”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Where that memo came from was the fact that when I looked at Microsoft, it was, I don't know, I think the word stock is quite the right word, but they were centered on a previous era in all of their product lines. Microsoft Office was built for a box era. The box was a PC. It was software you put on the box to deliver its value proposition, standalone. Windows Server was a box value proposition. You put the box in a department or you put a bunch of the boxes into a managed service provider and you served hundreds or thousands of users from those boxes. Even Xbox was a box that served gaming in the home. It was a very”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Lay it out and prepare us for it. Architecture. This is the Napster era, but it was also the dawn of the web era. You know, 97 was when I had found a groove. And I became very aware, both because of my enterprise customers and defense customers, that there was this hybrid thing going on where people were forming teams and communicating peer-to-peer directly, but people were also talking to companies in a hub and spoke manner. Enterprises began to form this mental model of every enterprise having being a hub and doing all of their customer service in a very broad way from the cloud, from the center and people forming teams and using the internet to do those team infrastructures. Groove itself became part of SharePoint, and that was more the team side.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Bill and Steve essentially said, Look, we've been through many shifts, we have so many things going on at the company. We're in a great cash position. Right now, but Bill in particular, like Andy Grove, he has this perpetual view that the paranoid view that two guys in a garage or somebody is going to discover this thing that's going to take the company down. And I was coming in. They knew I was coming in from the outside. I had a different perspective in any company. There is a danger, particularly a successful company. There's a danger of only ever seeing things incrementally as a function of the status quo. So they said, if you believe that there is a big disruptive change happening, lay it out and fix it.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“I started at Microsoft in April of 2005. I had known Bill Gates Balmer since when I was at software arts, working on VisiCalc. We can go back and visit that era, but I knew many, many technologists at Microsoft”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“Increasingly, they are also wanting to do things like edge inference. They're wanting to detect anomalies either by putting some intelligence onto the device or by getting the data in the cloud and doing that inference up there. That's what we would like to help them do.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“On servers within our departments eventually because of the democratization of technology, those things became SaaS services. They became part of the club. And now no one would think of doing those things if you were a small to medium-sized enterprise. No one would host their own systems because you can't hire the security people. And why would you? Why would you post your own email system as an SME? When you are a company building refrigerators, generators, propane tanks, what you care about is that value proposition and how your systems serve your customers. And so essentially what these folks just want is a data pump. They want the data to go from the devices to the cloud.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source
“That could afford to do this. They have gargantuan RD budgets like many Silicon Valley companies. They can hire the best of the best. They can hire the best security people, the best people who understand our management, radio access technologies, and so on. But my question from where I've come from is how does this technology evolve to allow all small to medium-sized enterprises who manufacture physical goods to enjoy the benefits of building intelligent machines and intelligent services. Again, this happens in every sector. All of us, when the web first came out, hard to remember, but we ran email servers within our small businesses. We ran little payroll systems and accounting systems.”
2024-10-01 · Invest Like the Best · Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391] · IDENTIFIED FROM THE TRANSCRIPT · source