Scott

So let's take advantage of the good work our domestic citizens do providing the exceptional or pulling out of the ground this exceptional blessing, this sitting on this sea of oil, so we'll give them less expensive gasoline. We produce more oil, i.e. pharmaceuticals, than any firm in the world. Do we, in fact, charge less for it? No.

So let's take advantage of the good work our domestic citizens do providing the exceptional or pulling out of the ground this exceptional blessing, this sitting on this sea of oil, so we'll give them less expensive gasoline. We produce more oil, i.e. pharmaceuticals, than any firm in the world. Do we, in fact, charge less for it? No.

So let's take advantage of the good work our domestic citizens do providing the exceptional or pulling out of the ground this exceptional blessing, this sitting on this sea of oil, so we'll give them less expensive gasoline. We produce more oil, i.e. pharmaceuticals, than any firm in the world. Do we, in fact, charge less for it? No.

It would be similar to if Saudi Arabia decided they were going to charge $10 a gallon. We produce it and But I know Saudi Aramco figures out a way to weaponize the kingdom and the leadership and convince them that they should charge $10 a gallon despite being the biggest producer of oil. I've gotten off track here, Ed. Let's go to the next story.

It would be similar to if Saudi Arabia decided they were going to charge $10 a gallon. We produce it and But I know Saudi Aramco figures out a way to weaponize the kingdom and the leadership and convince them that they should charge $10 a gallon despite being the biggest producer of oil. I've gotten off track here, Ed. Let's go to the next story.

It would be similar to if Saudi Arabia decided they were going to charge $10 a gallon. We produce it and But I know Saudi Aramco figures out a way to weaponize the kingdom and the leadership and convince them that they should charge $10 a gallon despite being the biggest producer of oil. I've gotten off track here, Ed. Let's go to the next story.

I've always thought Perplexity's core asset is it's got a really clean positioning. It's the search AI, or it's the AI search, right? I think this is an example of kind of the froth here. Their annual recurring revenue has grown from $5 million in January 2024 to $120 million, so obviously it's going like crazy. They registered 160 million visits compared to OpenAI's 5 billion.

I've always thought Perplexity's core asset is it's got a really clean positioning. It's the search AI, or it's the AI search, right? I think this is an example of kind of the froth here. Their annual recurring revenue has grown from $5 million in January 2024 to $120 million, so obviously it's going like crazy. They registered 160 million visits compared to OpenAI's 5 billion.

I've always thought Perplexity's core asset is it's got a really clean positioning. It's the search AI, or it's the AI search, right? I think this is an example of kind of the froth here. Their annual recurring revenue has grown from $5 million in January 2024 to $120 million, so obviously it's going like crazy. They registered 160 million visits compared to OpenAI's 5 billion.

So what is that, about 30 times more in Google's 85 billion? So as a multiple of revenues, it's getting about 140 times ARR, whereas OpenAI trades at 25. So I think this is – I think if OpenAI gets public, which I believe they will, I think this is a tuck in acquisition. And they rebrand it as the more pure place search component of OpenAI or of Anthropic.

So what is that, about 30 times more in Google's 85 billion? So as a multiple of revenues, it's getting about 140 times ARR, whereas OpenAI trades at 25. So I think this is – I think if OpenAI gets public, which I believe they will, I think this is a tuck in acquisition. And they rebrand it as the more pure place search component of OpenAI or of Anthropic.

So what is that, about 30 times more in Google's 85 billion? So as a multiple of revenues, it's getting about 140 times ARR, whereas OpenAI trades at 25. So I think this is – I think if OpenAI gets public, which I believe they will, I think this is a tuck in acquisition. And they rebrand it as the more pure place search component of OpenAI or of Anthropic.

I don't think this is – let me ask you because you and the team understand AI and the consumer-facing applications better than I do. What's to stop OpenAI from launching a perplexity killer?

I don't think this is – let me ask you because you and the team understand AI and the consumer-facing applications better than I do. What's to stop OpenAI from launching a perplexity killer?

I don't think this is – let me ask you because you and the team understand AI and the consumer-facing applications better than I do. What's to stop OpenAI from launching a perplexity killer?

So the question is, what is the point of differentiation? And the point of differentiation has to do with perishability or kind of real-time versus legacy. And that is, if you think about ChatGPT, it's a generalist platform for content creation, writing code, producing visuals, whereas perplexity as real-time web search.

So the question is, what is the point of differentiation? And the point of differentiation has to do with perishability or kind of real-time versus legacy. And that is, if you think about ChatGPT, it's a generalist platform for content creation, writing code, producing visuals, whereas perplexity as real-time web search.

So the question is, what is the point of differentiation? And the point of differentiation has to do with perishability or kind of real-time versus legacy. And that is, if you think about ChatGPT, it's a generalist platform for content creation, writing code, producing visuals, whereas perplexity as real-time web search.

Because it's funny you say that, because my brand perception is when I say, can please distill and give me a sense for if there are winners and losers in the proposed UK trade agreement, I think of perplexity, because I assume it's going to have more up-to-date information, and you're saying that's not accurate.

Because it's funny you say that, because my brand perception is when I say, can please distill and give me a sense for if there are winners and losers in the proposed UK trade agreement, I think of perplexity, because I assume it's going to have more up-to-date information, and you're saying that's not accurate.