Ed Elson

But if they had gone with what I thought they were going to do, then maybe things would look better for them.

But do you think that they view that as a mistake, that they went after the consumer and they realized this actually isn't that great of a business compared to enterprise and now they're switching over?

It does seem like focus would also just mean building out this ad business.

If they want to win in the consumer world, which they have done, and they want to figure out how to monetize it, now it's time to get into ads.

And as you just said, they just hired one of the top advertising executives from Meta, who's now going to lead their ad sales.

Would you say that...

advertising is still top of mind for open ai in spite of being made fun of for it after the super bowl with those anthropic super bowl ads people saying we don't want ads in our in our ai apps do you think they're still going for the ads yes they are i mean they're testing it and the early reporting on the tests are that they've been super uh low tech uh surprisingly uh

Yeah, the other final news I just want to get your reaction to that I saw today, this is exclusive from Reuters.

Apparently, OpenAI is offering private equity firms investment deals with a guaranteed minimum return of 17.5%.

So basically saying, if you invest in us, we guarantee you we will return 17.5% of your money, which...

For those who don't know, that's like a ridiculous return.

That's significantly higher than the S&P average.

This just seems ridiculous to me.

How can you guarantee 17.5%?

It makes me think maybe they're just going to lose money on this thing.

or maybe some sort of foul play.

I don't really know.

I just wanted to know if you know anything about this and if that sounds right to you.

It was the capped profit company.

Now there's a flaw, 17.5%.