Bill Gurley

Yeah, I mean, honestly, I think that right now we probably, you know, we're throttling chat GPT. So when you bring on more compute, all those numbers would be higher, right, if you just have more compute. Secondly, I think most of chat GPT users are using a model that's like a year old. right?

Yeah, I mean, honestly, I think that right now we probably, you know, we're throttling chat GPT. So when you bring on more compute, all those numbers would be higher, right, if you just have more compute. Secondly, I think most of chat GPT users are using a model that's like a year old. right?

Yeah, I mean, honestly, I think that right now we probably, you know, we're throttling chat GPT. So when you bring on more compute, all those numbers would be higher, right, if you just have more compute. Secondly, I think most of chat GPT users are using a model that's like a year old. right?

Because they haven't been able to upgrade the models because I don't think they can support the things they want to do in the upgraded models from a GPU perspective. So my suspicion is when they're able to do that, that they're going to have a lot more flexibility around things like pricing tiers.

Because they haven't been able to upgrade the models because I don't think they can support the things they want to do in the upgraded models from a GPU perspective. So my suspicion is when they're able to do that, that they're going to have a lot more flexibility around things like pricing tiers.

Because they haven't been able to upgrade the models because I don't think they can support the things they want to do in the upgraded models from a GPU perspective. So my suspicion is when they're able to do that, that they're going to have a lot more flexibility around things like pricing tiers.

Sam has said he doesn't particularly like advertising, but at some point they will obviously have something that they think is beneficial to consumers that will be around that. If you look at If I say to Operator, book me the Four Seasons Hotel in New York next Tuesday, and it does that for me, which I think they're getting a lot closer to. You and I have this back and forth on that.

Sam has said he doesn't particularly like advertising, but at some point they will obviously have something that they think is beneficial to consumers that will be around that. If you look at If I say to Operator, book me the Four Seasons Hotel in New York next Tuesday, and it does that for me, which I think they're getting a lot closer to. You and I have this back and forth on that.

Sam has said he doesn't particularly like advertising, but at some point they will obviously have something that they think is beneficial to consumers that will be around that. If you look at If I say to Operator, book me the Four Seasons Hotel in New York next Tuesday, and it does that for me, which I think they're getting a lot closer to. You and I have this back and forth on that.

But let's just stipulate that even you believe at some point they're going to get there. And if we're driving that kind of value for users, either user will pay or the end merchant will pay. I think there are all sorts of business models that will evolve around that. So my hunch is you're going to see a mixture of advertising. You're going to see a lot of different pricing tiers.

But let's just stipulate that even you believe at some point they're going to get there. And if we're driving that kind of value for users, either user will pay or the end merchant will pay. I think there are all sorts of business models that will evolve around that. So my hunch is you're going to see a mixture of advertising. You're going to see a lot of different pricing tiers.

But let's just stipulate that even you believe at some point they're going to get there. And if we're driving that kind of value for users, either user will pay or the end merchant will pay. I think there are all sorts of business models that will evolve around that. So my hunch is you're going to see a mixture of advertising. You're going to see a lot of different pricing tiers.

You're going to see models. I don't think we're going to have this You know, this long menu of model choices that forces the consumer to understand the difference between 04 Mini and 03 and 01 and, you know, all these different models.

You're going to see models. I don't think we're going to have this You know, this long menu of model choices that forces the consumer to understand the difference between 04 Mini and 03 and 01 and, you know, all these different models.

You're going to see models. I don't think we're going to have this You know, this long menu of model choices that forces the consumer to understand the difference between 04 Mini and 03 and 01 and, you know, all these different models.

I think you're just going to have a smart model, CHAT GPT-5 or CHAT GPT-6 that may be coming sooner rather than later that's just going to make those choices for you.

I think you're just going to have a smart model, CHAT GPT-5 or CHAT GPT-6 that may be coming sooner rather than later that's just going to make those choices for you.

I think you're just going to have a smart model, CHAT GPT-5 or CHAT GPT-6 that may be coming sooner rather than later that's just going to make those choices for you.

Well, let's click on that for a second. We have our friend Glenn Fogle who runs Booking.com, an incredible CEO. They've been an incredible business. And they're one of the largest advertisers, have historically been one of the largest advertisers on Google. I think it's been reported that Google generates – It's one of their largest advertising categories in the world.

Well, let's click on that for a second. We have our friend Glenn Fogle who runs Booking.com, an incredible CEO. They've been an incredible business. And they're one of the largest advertisers, have historically been one of the largest advertisers on Google. I think it's been reported that Google generates – It's one of their largest advertising categories in the world.