No Priors
No Priors is a podcast hosted by Elad Gil and Sarah Guo featuring conversations with engineers, researchers, and founders about AI, machine learning, startups, AGI, markets, research, and technology’s effects on commerce, culture, and society.
Private Evals Are Becoming the Core IP of Enterprise AI
Microsoft chief executive Satya Nadella argues that the AI frontier is shifting from single models to company-specific systems built from private evals, traces, tools, data and multi-model harnesses. In a Microsoft Build conversation with Sarah Guo, Elad Gil and Shawn Wang, Nadella says those private evaluation loops may become a company’s most important intellectual property, allowing enterprises to build their own specialist intelligence rather than merely consume frontier models. He also frames the broader test for AI as legitimacy: whether customers, workers and communities see measurable gains from the technology and the infrastructure behind it.
Enterprise AI Security Is Moving From Chat Monitoring to Action Control
Maxim Bar Kogan, founder and CEO of Onyx Security, argues that enterprise AI security is shifting from policing chatbot data leaks to controlling autonomous agents that can use credentials, call APIs, edit code and alter production systems. In a conversation with Sarah Guo, he makes the case for an independent AI control plane that can judge whether an agent’s actions match its assigned intent, rather than relying on traditional permissions, proxies or the model vendors themselves. Kogan says the hard problem is doing that supervision cheaply and quickly enough for enterprise deployment.
Cerebras’ Wafer-Scale AI Bet Fuels a $63 Billion IPO
Cerebras founder and CEO Andrew Feldman argues that the company’s roughly $63 billion public-market debut is the result of a decade-long wager on wafer-scale computing: a dinner-plate-sized chip architecture built for AI rather than a modified GPU. In a discussion with Elad Gil and Sarah Guo, Feldman says Cerebras survived years when the technology worked before the market cared, and that demand arrived only once AI became daily work and fast inference became commercially decisive.
Pax Silica Aims to Secure the Full AI Supply Chain
U.S. Under Secretary of State for Economic Affairs Jacob Helberg argues that AI dominance depends on securing the full industrial supply chain behind compute, not just advanced semiconductors. In an interview with Sarah Guo and Elad Gil, Helberg presents Pax Silica as a 14-country economic-security coalition meant to build commercially viable allied supply-chain platforms, starting with a 4,000-acre industrial zone in the Philippines. He frames the strategy as a private-sector-led alternative to China’s Belt and Road model, combining domestic reindustrialization with partner-country specialization in critical inputs such as minerals, robotics components, and processing capacity.
Long Lake’s $6.3 Billion Amex GBT Deal Tests AI-Led Buyouts
Long Lake Management co-founder and CEO Alexander Taubman argues that AI can change the economics of services businesses when the buyer owns the workflow, not just the software layer. In a conversation with Elad Gil about Long Lake’s announced $6.3bn take-private of American Express Global Business Travel, Taubman presents the firm’s model as acquiring trusted services companies, embedding its Nexus AI platform into day-to-day operations, and using productivity gains to drive growth, customer service and employee retention rather than short-term cost cuts.