Chamath Palihapitiya

The billion is not going in, the billions not going in the licensing deal, all of that.

And then in addition, they're supposedly at open AI, a newfound focus on chasing anthropic down the enterprise path.

So getting off their game, getting a little discombobulated, perhaps, or maybe getting focused on what matters, which is

enterprise, apparently in terms of revenue opening, I also offered private equity investors a guaranteed minimum return of 17.5% as part of a joint venture that would help PE firms deploy AI

and ease the high upfront cost of that.

So lots of questions here, Chamath, I don't know if you've tracked this PE model, but obviously, a lot of people are doing roll ups in services, accounting, legal, Josh Kushner's got a big effort here, a bunch of private equity firms, trying to essentially, I guess, and run

the transition process and arguably what you're doing with the software factory at 8090.

So your thoughts on open AI and this pivot and this private equity?

Freeberg, let me pull you into this because my base case here is that all consumer queries are going to be free.

Apple is going to make them free, they're already free for Google, I think Matt is going to make them free and actually have a decent product soon.

And Microsoft same thing.

chat GPT has decided to push off advertising, they were going to put advertising in it, you remember, they got mocked by anthropic with their Super Bowl ads.

So what do you think is going to happen on the consumer side, consumers generally don't pay for services, that's usually five to 20% of the market is paid services, and everything else is free and ad supported.

But it looks like Apple and Google are going to just let it rip.

So that could take the revenue oxygen away from chat GPT.

So what is your thought here on who wins consumer?

Probably less on average because it's global number, but yeah.

Sachs, the numbers

Right now would be more in my estimation, about 50 million people subscribe to ChatGPT.

They got a billion users or they're trended to a billion.