Azeem Azhar

But I think there is a really important thing at the heart of that question, which is, does OpenAI have a really distinct way of thinking about what their position in the market is?

And

You know, I think that they went out to conquer a lot of ground, and they've done that really successfully with sovereign deals all over the world, with special products for the Brazilian, the Indian market, and some other countries, with, you know, an enterprise offering, with ChatGPT obviously doing very, very well, and now big enterprise deals with companies like Accenture and Emirates and others, and they keep on rolling down.

I think there was one with a company that provides stock market data yesterday,

It's a lot to ask, though, to chase lots of different spaces.

It's not what a Y Combinator startup would do.

You know, you would find your beachhead, you would get on your beachhead, you would understand the customer, and then you would grow from there.

And I think one challenge was that nobody knew ChatGPT would be successful.

You got...

product take up before you'd understood why you had product market fit.

And that's why the product itself has felt a bit experimental and perhaps not improving in the ways that we might think.

You know, I have a lot of respect for the quality of thinking in the senior team in OpenAI, and they will have seen data much deeper than I have.

So as an outside observer, you know, it's just a simplistic mantra, which is, you know, find a thing that you can do really much better than other people and do that thing and use that to grow out.

And I think that's what, you know, a company like Eleven Labs or a company like Anthropic has chosen to do.

But, you know, the market is a complicated beast that's got lots of other levers that are moving around.

And frankly, they are flying with quite poor quality data.

You know, it's not like they have really, really great sources of analysis.

These are leaks in the trade press.

I can't really tell you why it didn't react that way.

I mean, I would also just add that I simply wouldn't count that team out and I wouldn't count a short wobble over the last two weeks and turn that into a long-term trend.