Prof G Markets · Sunday, November 1, 2026
Discussing the long-term economic model of AI, Reflection CEO Misha Laskin predicted that foundational models will increasingly be commoditized like electricity or water, while high margins will shift toward inference and tailored enterprise software wrappers.
“The models are a commodity like electricity or water. right when we think about electricity and water we don't think about oh how does you know my energy company sustain its business”
“The... inference, you know, margins, even on open models, are actually quite high. And the reason for that is because compute is scarce.”