Jordi Visser

It's not systemic.

But I do think it's another problem for the tech stocks.

You want to be in scarcity.

And the problem with open AI at the end of the day is unlimited competition.

So they had a huge lead.

Normally, when you get that kind of a lead and you've won the brand recognition.

You usually win, or at least it gives you a long time to lose it.

They lost it in less than a year.

It's impossible that things move this fast, but that's what we're in, is the constant leapfrogging every single month, the exponential change.

Human beings' brains can't deal with this, and that's what's happening, and this is going to continue.

So I think there's gonna be risks with them this year.

I don't trust Sam Altman, and he was the only one, well, perplexity is kind of a lower tier, but of the four big boys,

He was the only one not at Davos, and he was rumored to be in the Middle East trying to raise $50 billion.

So that's another desperate act.

How can you trust a guy who had a mutiny?

The board tried to go through the stuff with Microsoft not that long ago and then go to the BG2 podcast with Brad Gerstner when he basically walked off and couldn't answer the question directly, said, I'll find people to buy your shares.

There's a lot of warning signs there with them that stand out more than just what's showing up on the desperation.

By the way, Gemini said they wouldn't.

do ads.

And Demis Hassabis on stage two days ago in Davos said, I was very surprised that OpenAI said they were going to try to monetize ads now.