Aswath Damodaran

speaker

1,201 appearances 7 recordings 3 series first heard May 2025 last heard 7 Aug

Aswath Damodaran’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 6 in all, peaking in Nov 2025 with 2.

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Prof G Markets · Aswath Damodaran: Big Tech Has No Idea How AI Pays Off · 7 Aug 2026 podcast

So I'll give you an economy of scale story that's not very strong.

And I might say your costs are not, you might disagree with it.

But part of the reason I think it's critical that investors flesh out their full story is then companies are forced to respond.

Right?

So if OpenAI feels that they have

True economies of scale.

And the story being pushed into the valuation is there are no economies of scale.

The costs are not going to go down.

Then show me the data that you have that tells me that I'm wrong.

Because as long as we let these companies get away with these diffuse, totally addressable markets, trust me.

And you don't even tell a story, use a pricing metric and say it's okay because there's a big market out there.

There's no incentive on the part of companies to tell the fuller story.

So I think I will try.

To tell a full story, but I'll be open about the fact that much of the story is my story based on little strands that I've pulled out of different places.

Some from the company, some from people who know AI a lot better than me.

But I'll always tell a full story and people will take issue with me saying your story is wrong.

And I say, absolutely, I know it's wrong.

But what's the counter?

Where is the counter narrative?

You can tell me a narrative is wrong, but you have to beat it with a counter-narrative.

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