Vals AI co-founder and CEO Rayan Krishnan with a16z's Ben Horowitz and Jennifer Li on grading AI, what it costs, and who gets to make the rules: Every big industry eventually grows an independent testing layer. AI has credit ratings to learn from and Enron to avoid. Model capability today is still mostly self-reported. As public benchmarks saturate and models get better at optimizing for the tests themselves, Rayan makes the case for independent, continuously evolving evaluations. The harder…