Chamath

Well, it was Bloomberg. It's not some article. It was Bloomberg, and it got a lot of traction, and it was re-reported by a lot of places, and I don't see anyone disputing it.

When we can do a good bit, yeah. That's mine. No, I think that Bloomberg reported it based on, obviously, talks that are ongoing with investors who have committed to this round. And no one's disputing it. Has anyone said it's not true?

When we can do a good bit, yeah. That's mine. No, I think that Bloomberg reported it based on, obviously, talks that are ongoing with investors who have committed to this round. And no one's disputing it. Has anyone said it's not true?

No, I saw a comment. Somebody commented like, oh, wow, it's like amazing to hear Chamath expand on topics throughout the constant eruptions by J-Cal.

No, I saw a comment. Somebody commented like, oh, wow, it's like amazing to hear Chamath expand on topics throughout the constant eruptions by J-Cal.

Well, you have to go back pretty far for Joe Rogan to be a nobody. I mean, he had a TV show for a long time.

Well, you have to go back pretty far for Joe Rogan to be a nobody. I mean, he had a TV show for a long time.

He was more like a stand-up comic for a while. He was a stand-up comic. Stand-up comic, yeah.

He was more like a stand-up comic for a while. He was a stand-up comic. Stand-up comic, yeah.

Well, why don't we get into the topic?

Well, why don't we get into the topic?

Sam Altman is reportedly... I thought they're converting to a C-Corp, no?

Sam Altman is reportedly... I thought they're converting to a C-Corp, no?

B-Corp doesn't really mean anything.

B-Corp doesn't really mean anything.

Well, so the whisper numbers I heard was that their revenue run rate for this year was in the $4 to $6 billion range, which is a little higher than that. So you're right, if it's really more like 3.4, this valuation is about 50 times current revenue. But if it's more like 5 billion, then it's only 30 times. And if it's growing 100% year over year, it's only 15 times next year.

Well, so the whisper numbers I heard was that their revenue run rate for this year was in the $4 to $6 billion range, which is a little higher than that. So you're right, if it's really more like 3.4, this valuation is about 50 times current revenue. But if it's more like 5 billion, then it's only 30 times. And if it's growing 100% year over year, it's only 15 times next year.

So depending what the numbers actually are, the $150 billion valuation could be warranted. I don't think 15 times... Ford, ARR is a high valuation for a company that has this kind of strategic opportunity. I think it all comes down to the durability of its comparative advantage here. I think there's no question that OpenAI is the leader of the pack. It has the most advanced AI models.

So depending what the numbers actually are, the $150 billion valuation could be warranted. I don't think 15 times... Ford, ARR is a high valuation for a company that has this kind of strategic opportunity. I think it all comes down to the durability of its comparative advantage here. I think there's no question that OpenAI is the leader of the pack. It has the most advanced AI models.

It's got the best developer ecosystem, the best APIs. It keeps rolling out new products. And the question is just how durable that