# The app layer captures the most value; users of Nvidia beat Nvidia

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2024-03-27
- **Theme:** Decentralized AI — https://www.gregosuri.com/predictions/decentralized-ai/
- **Source:** Agents Unleashed - Progress In The Decentralized AI Stack (Training, Fine-Tuning, Inference) (Olas)
- **Watch at:** 00:33:03 — https://www.youtube.com/watch?v=o2khlH9vX2M&t=1983s
- **Canonical:** https://www.gregosuri.com/predictions/decentralized-ai/2024-03-27-the-app-layer-captures-the-most-value-users-of-nvi-nxmt/
- **Cite as:** Greg Osuri, "The app layer captures the most value; users of Nvidia beat Nvidia," Agents Unleashed - Progress In The Decentralized AI Stack (Training, Fine-Tuning, Inference) (Olas), 27 Mar 2024, 00:33:03. https://www.youtube.com/watch?v=o2khlH9vX2M&t=1983s

## Quote — verbatim

> The app layer absolutely captures the most value — it's ridiculous to say that any other layer does... it really comes down to: does the product work or not... $2 H100s, beat that... A company that's going to use Nvidia is going to be a lot more valuable than Nvidia.

## Context — site annotation, not spoken

Answering where value accrues in the decentralized AI stack; infrastructure competes on working product and price, apps capture value (Nvidia line is at ~00:33:44).