Chamath Palihapitiya

And they had 100 million plus users and we had sort of 15.

And they had 100 million plus users and we had sort of 15.

But we knew that we were eventually going to beat them.

But we knew that we were eventually going to beat them.

Nobody else knew.

Nobody else knew.

And I feel like this market is similarly evolving, which is that you have these early winners

And I feel like this market is similarly evolving, which is that you have these early winners

But there's still so much work to do.

But there's still so much work to do.

There's still so many consumer expectations to define that it's too early to know who's going to win.

There's still so many consumer expectations to define that it's too early to know who's going to win.

And ultimately, what we are learning, especially as all these markets converge, is that distribution still matters a ton, which favors Google.

And ultimately, what we are learning, especially as all these markets converge, is that distribution still matters a ton, which favors Google.

It favors Meta, although Meta's quite behind.

It favors Meta, although Meta's quite behind.

And now it will still favor OpenAI because they have 800 million monthly actives.

And now it will still favor OpenAI because they have 800 million monthly actives.

So then the tactical thing is what do you do knowing that this dynamic is set up to have a lot of competition?

So then the tactical thing is what do you do knowing that this dynamic is set up to have a lot of competition?