Travis Hoium

Opening eye would be insane not to follow.

So is the theory there, if you're looking at a potential IPO, that, hey, the consumer space is just going to be too hard.

Maybe Alphabet is already there with the ad business in particular, something that OpenAI really said they didn't want to do until it was kind of too late.

So if you want to build a real business and go public, you have to go after these coding opportunities, these enterprise opportunities.

And that's what they're focusing on, even though we've seen seemingly everything else.

We had the browser shut down.

We've seen now Sora shut down.

Is even ChatGPT going to be the future of the company or is it really just Codex at this point?

It's weird to compare them to Alphabet because it's such a different set of circumstances.

One is an established business that, in part, is backfilling.

Let's be honest.

It used to be Alphabet's going to get killed by OpenAI because search is going to be destroyed.

Instead, they're just transitioning search.

But you have an established customer base and an established business

It makes sense to stay in that business that you know so well.

I think on the opening eye side, like Anthropic, starting from scratch, you need to earn customers.

The cost of acquiring a customer in almost any business is high, so you want to go after the customers with the highest payout.

That's on the enterprise side.

Again, we'll see what becomes a consumer AI.

Maybe we all will pay hundreds of dollars a month for these magical tools that make our lives better.