Azeem Azhar

I actually think that disruption premium could exist with the capabilities of the technology has today.

So we had a couple of questions come in.

One is, do you foresee open AI revenue coming mainly from corporate clients or users?

It's a really great question.

I mean, today, most of it is coming from end users, consumers, and there have been deals done in

the UAE and in India that make it widely available or will to those populations.

OpenAI's API revenue, that is the enterprise revenue or a big subset of it, is actually apparently, according to a research note from Barclays, one of the banks, in a similar range to that of Anthropic, which of course is somewhat smaller.

So the way I think about this is that it's very hard to serve two masters.

That is the enterprise and the consumer.

They move at different clock speeds.

They need to do different things.

And if you look at companies that are big and successful that have done that, Google would be a great example there with, you know, Google as a consumer search engine, then moving into publisher and advertising services, then into Google enterprise services and the cloud.

Another good example would be Amazon with going from retail through to AWS.

Another example would, of course, be someone like Microsoft.

The computing industry was just so different when Microsoft sort of embedded itself in the late 1980s.

So I do think it's hard to serve both masters.

But that said...

The team in OpenAI has history to guide them.

They've got a really deep and talented bench now with people like Kevin Weil and Fiji Simo and others.

And perhaps that allows them to kind of, you know, run across both markets.