Jon Quast

Now, Deutsche Bank has done some research and done some projections.

Anthropic is expected to burn cash over the next, let's say, two, three years.

But it's somewhat modest.

I think that they'll be able to raise what they need.

On the other hand, OpenAI is projected to burn at least $140 billion cumulatively through 2029.

I don't even know if my brain can comprehend that number.

These companies are looking for funds so that they can execute on their business ambitions.

They're already valued at over $300 billion and over $500 billion for OpenAI.

These are some of the largest private valuations in history.

It's only a matter of time before they go to the public markets looking for money.

I think you hit the nail on the head, Tyler.

When it comes to the AI models themselves, if you have a lead, I don't think it lasts for very long anymore because of just how fast the space is iterating.

I'm not really all that interested in the businesses that are creating the AI models themselves.

I'm more interested in the companies that know what they want to do with the models as far as creating a business and monetizing it.

I think that when you look at the companies that you just mentioned, Anthropic, OpenAI, XAI, and Alphabet, for me, Alphabet has the clearest roadmap of what it can do with AI.

That really interests me as an investor.

I would say Alphabet would be at the top of my list as far as companies you just mentioned.

That said, XAI, with all of the things that Elon Musk is pursuing, all of the companies that he has, I would say that XAI also has probably interesting ways to monetize its AI ambitions.

What's interesting is, it appears that 0% interest is what is attracting people to the Buy Now, Pay Later platforms.

I know that you and I were talking, we pay off our credit cards at the end of the month, so we pay 0% on our credit card.