Brad Gerstner

your service, like if you were booking.com to a model so that it's not simply scraping your website, which is certainly not the ideal way to do this thing. That standard, I believe, got started in Anthropic, but OpenAI has agreed to support it.

your service, like if you were booking.com to a model so that it's not simply scraping your website, which is certainly not the ideal way to do this thing. That standard, I believe, got started in Anthropic, but OpenAI has agreed to support it.

And so another factor that plays out with whoever's most aggressive with the open standards is they might be able to take a lead in defining these things, which could be advantageous to them. And I got to tell you, you know, I meant to say this earlier when we were talking about the open source stuff, but I got to believe the anxiety is high at Google. I got to believe the anxiety is high at Meta.

And so another factor that plays out with whoever's most aggressive with the open standards is they might be able to take a lead in defining these things, which could be advantageous to them. And I got to tell you, you know, I meant to say this earlier when we were talking about the open source stuff, but I got to believe the anxiety is high at Google. I got to believe the anxiety is high at Meta.

And so another factor that plays out with whoever's most aggressive with the open standards is they might be able to take a lead in defining these things, which could be advantageous to them. And I got to tell you, you know, I meant to say this earlier when we were talking about the open source stuff, but I got to believe the anxiety is high at Google. I got to believe the anxiety is high at Meta.

We've seen some high executive shifts and departures also at Apple in terms of who's in charge of these things. And so I see those moves and I think that must represent anxiety. You know, these are, there's a lot at stake. And so it's, it'll be really interesting to see how open people are, how willing they are to be open with their models, how aggressive they are.

We've seen some high executive shifts and departures also at Apple in terms of who's in charge of these things. And so I see those moves and I think that must represent anxiety. You know, these are, there's a lot at stake. And so it's, it'll be really interesting to see how open people are, how willing they are to be open with their models, how aggressive they are.

We've seen some high executive shifts and departures also at Apple in terms of who's in charge of these things. And so I see those moves and I think that must represent anxiety. You know, these are, there's a lot at stake. And so it's, it'll be really interesting to see how open people are, how willing they are to be open with their models, how aggressive they are.

Because I think it's a really critical window. I'm talking about like next three to six months could dictate who's standing on top of the hill five, 10 years from now.

Because I think it's a really critical window. I'm talking about like next three to six months could dictate who's standing on top of the hill five, 10 years from now.

Because I think it's a really critical window. I'm talking about like next three to six months could dictate who's standing on top of the hill five, 10 years from now.

Before we run out of time, we had an IPO, which we haven't had very many of. Let's talk IPOs, both CoreWeave, but after that, let's just talk about IPOs in general.

Before we run out of time, we had an IPO, which we haven't had very many of. Let's talk IPOs, both CoreWeave, but after that, let's just talk about IPOs in general.

Before we run out of time, we had an IPO, which we haven't had very many of. Let's talk IPOs, both CoreWeave, but after that, let's just talk about IPOs in general.

Yeah, and look, you're absolutely right. It's so funny. We sit around and complain about the IPO market not being open. And for the entirety of 2024, the markets were up 30%. The sunshine was out and no one was going. So here, someone finally gets the guts to go. And the markets, of course, have turned the other way. And that's why, man, I...

Yeah, and look, you're absolutely right. It's so funny. We sit around and complain about the IPO market not being open. And for the entirety of 2024, the markets were up 30%. The sunshine was out and no one was going. So here, someone finally gets the guts to go. And the markets, of course, have turned the other way. And that's why, man, I...

Yeah, and look, you're absolutely right. It's so funny. We sit around and complain about the IPO market not being open. And for the entirety of 2024, the markets were up 30%. The sunshine was out and no one was going. So here, someone finally gets the guts to go. And the markets, of course, have turned the other way. And that's why, man, I...

anyone that tells you when you're ready to go public that you have to wait on the markets to be in a particular place, I would tell them to shut the fuck up and take your company out. You can't control that thing. That's an external factor. And And I also believe a lot of people, because of my stance on direct listing, said, was this a good IPO, a bad IPO?

anyone that tells you when you're ready to go public that you have to wait on the markets to be in a particular place, I would tell them to shut the fuck up and take your company out. You can't control that thing. That's an external factor. And And I also believe a lot of people, because of my stance on direct listing, said, was this a good IPO, a bad IPO?

anyone that tells you when you're ready to go public that you have to wait on the markets to be in a particular place, I would tell them to shut the fuck up and take your company out. You can't control that thing. That's an external factor. And And I also believe a lot of people, because of my stance on direct listing, said, was this a good IPO, a bad IPO?