Brad Gerstner

Yeah, and I also read that there are still contingencies on whether the full conversion from a nonprofit to a for-profit happens. So I think there's some stuff. If that's true, there's still some stuff to play out. But one thing I would say when I witnessed this from afar, and once again, you're involved, I'm not. So correct me if I'm wrong.

But having lived through the Uber Lyft situation, which oddly had Masa coming to the table also, You know, our world has just evolved into one where so many people believe in power loss. So many people believe in network effects and that these markets are winner take all that you end up with these massive capital raising rounds.

But having lived through the Uber Lyft situation, which oddly had Masa coming to the table also, You know, our world has just evolved into one where so many people believe in power loss. So many people believe in network effects and that these markets are winner take all that you end up with these massive capital raising rounds.

But having lived through the Uber Lyft situation, which oddly had Masa coming to the table also, You know, our world has just evolved into one where so many people believe in power loss. So many people believe in network effects and that these markets are winner take all that you end up with these massive capital raising rounds.

And, you know, it's not lost on me that both with Stargate and with this one, the headline number is bigger now. Then, you know, the piecemeal when you start to unpack it, which, you know, for better or for worse, from my position, smells of being promotional. And, you know, and so why would you do that? Why are you trying to have a bigger headline number? And that number does get repeated.

And, you know, it's not lost on me that both with Stargate and with this one, the headline number is bigger now. Then, you know, the piecemeal when you start to unpack it, which, you know, for better or for worse, from my position, smells of being promotional. And, you know, and so why would you do that? Why are you trying to have a bigger headline number? And that number does get repeated.

And, you know, it's not lost on me that both with Stargate and with this one, the headline number is bigger now. Then, you know, the piecemeal when you start to unpack it, which, you know, for better or for worse, from my position, smells of being promotional. And, you know, and so why would you do that? Why are you trying to have a bigger headline number? And that number does get repeated.

in the press so it does work in that way and and i come back to you know i suspect the company's sending a message to anthropic and anyone else in the game that that we're here for the long haul and you know they probably didn't anticipate all the moves that elon's made with x and twitter and and obviously that is is a another deep pocketed player but but boy you know if you're

in the press so it does work in that way and and i come back to you know i suspect the company's sending a message to anthropic and anyone else in the game that that we're here for the long haul and you know they probably didn't anticipate all the moves that elon's made with x and twitter and and obviously that is is a another deep pocketed player but but boy you know if you're

in the press so it does work in that way and and i come back to you know i suspect the company's sending a message to anthropic and anyone else in the game that that we're here for the long haul and you know they probably didn't anticipate all the moves that elon's made with x and twitter and and obviously that is is a another deep pocketed player but but boy you know if you're

if you're on the anthropic, you know, investment, you know, side, I, you know, I'd be scared, like, like, you know, and I've lived through this before. It is a, it is a sport of kings, if you will. And then lastly, one thing that naturally falls out of that is unit economics get postponed. You have to believe in the power law and the network effect. They've,

if you're on the anthropic, you know, investment, you know, side, I, you know, I'd be scared, like, like, you know, and I've lived through this before. It is a, it is a sport of kings, if you will. And then lastly, one thing that naturally falls out of that is unit economics get postponed. You have to believe in the power law and the network effect. They've,

if you're on the anthropic, you know, investment, you know, side, I, you know, I'd be scared, like, like, you know, and I've lived through this before. It is a, it is a sport of kings, if you will. And then lastly, one thing that naturally falls out of that is unit economics get postponed. You have to believe in the power law and the network effect. They've,

In addition to that headline number, I think they've said publicly they expect to lose $5 billion to $7 billion this year. And with an employee count of, I think, $6,000 to $7,000, that's not going to run you more than a billion or two.

In addition to that headline number, I think they've said publicly they expect to lose $5 billion to $7 billion this year. And with an employee count of, I think, $6,000 to $7,000, that's not going to run you more than a billion or two.

In addition to that headline number, I think they've said publicly they expect to lose $5 billion to $7 billion this year. And with an employee count of, I think, $6,000 to $7,000, that's not going to run you more than a billion or two.

So there's some number between the revenue number you talked about and subtracting $2 billion for expenses and the rest is your operating cost of keeping this AI machine going. And I ran some loose numbers and I come up around $15 or $20 a year for a non-paid user just to run the servers on their behalf. Eventually, you might get to advertising. Eventually, you may convert more of them to paid.

So there's some number between the revenue number you talked about and subtracting $2 billion for expenses and the rest is your operating cost of keeping this AI machine going. And I ran some loose numbers and I come up around $15 or $20 a year for a non-paid user just to run the servers on their behalf. Eventually, you might get to advertising. Eventually, you may convert more of them to paid.

So there's some number between the revenue number you talked about and subtracting $2 billion for expenses and the rest is your operating cost of keeping this AI machine going. And I ran some loose numbers and I come up around $15 or $20 a year for a non-paid user just to run the servers on their behalf. Eventually, you might get to advertising. Eventually, you may convert more of them to paid.

These are things we've seen play out over time. They played out with ad models. But once again, if you're going to try and lay chase to them, you got to be prepared to underwrite that cost yourself.