Bill Gurley

Grok has been a great model launched by Elon. But I think they really do have a big moat. And I think the network effects are kicking in. And I think that not only are they order of magnitude bigger, but they're also growing a lot faster. And so... you know, I think that the consumer business here will ultimately be valuable, but to your point, the unit economics can be crap along the way.

Grok has been a great model launched by Elon. But I think they really do have a big moat. And I think the network effects are kicking in. And I think that not only are they order of magnitude bigger, but they're also growing a lot faster. And so... you know, I think that the consumer business here will ultimately be valuable, but to your point, the unit economics can be crap along the way.

Grok has been a great model launched by Elon. But I think they really do have a big moat. And I think the network effects are kicking in. And I think that not only are they order of magnitude bigger, but they're also growing a lot faster. And so... you know, I think that the consumer business here will ultimately be valuable, but to your point, the unit economics can be crap along the way.

And it's up to the company to launch the things like advertising pace, uh, you know, different pricing tiers, et cetera, that, uh, you know, bring all of those things.

And it's up to the company to launch the things like advertising pace, uh, you know, different pricing tiers, et cetera, that, uh, you know, bring all of those things.

And it's up to the company to launch the things like advertising pace, uh, you know, different pricing tiers, et cetera, that, uh, you know, bring all of those things.

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.