Andy Halliday

You can imagine if they're next year going to do $26 billion.

you know, they're probably going to grow to 50 billion at least.

So they'll be at half the scale of open AI in terms of revenues, but they won't have lost 115 billion getting there.

They're much closer to profitability.

So that's promising in respect of whether there's an AI bubble or not.

That Anthropic has found a business model where they're quietly building this high margin software machine

for the Fortune 500 and will be profitable very soon, probably in 2027.

Whereas OpenAI is gonna continue to spend money chasing after a much broader suite of tools and services to consumers and to enterprise.

And by the way, OpenAI announced also that it has now 1 million plus business customers.

And that means that they are actually making some inroads into enterprise.

That would make OpenAI be the fastest growing platform in the history of enterprise.

And that's chat GPT for work.

It grew 40% in two months and now has about 7 million seats.

So you pay by the seat, right?

So it's not just a million customers.

It's they have 7 million seats there.

So they're no slouch compared to Anthropic.

But Anthropic has a much better economic model afoot.

I'm thinking that this major transition from search engine result pages, which have a natural tendency towards links and then tracing links to find yourself at a different website, are being supplanted by, that model is being supplanted by answer engines.

And LLMs are answer engines, right?