Martin Casado on Frontier Model Economics, AI's Slowdown, and the Cursor Deal - [Invest Like the Best, EP.498]

Martin Casado, general partner at Andreessen Horowitz, joins host Patrick O'Shaughnessy to discuss why traditional investing frameworks often fail in the face of disruptive technologies like AI. He explains how the economics of software are being reshaped by frontier model development, turning capital directly into technological progress. The conversation covers moats, the state of AI infrastructure, and how the role of the investor is evolving. Casado also shares lessons from major technology acquisitions and frames the current moment as a new industrial revolution.