Travis Hoium

For all of the bluster, for all of the statements about how wonderful it is, things are not going well.

We're supposed to make bold statements here, Travis.

This may not come true, but I am increasingly wondering if OpenAI will ever get to an IPO.

The simple math here is that

they were not making money on this.

As Rachel said, just the sheer bandwidth needed was too much for the revenue.

Also, I think it's fair to say that they didn't see a path for revenue, which is kind of the scarier thing.

And add into it the fact that even with a billion-dollar sweetener from Disney, if they would have kept going, they still couldn't justify it.

I think the conclusion here is they were losing tons of money with no path to profitability.

And hey, I guess credit to them for at least backing off.

But look, Anthropic is doing it better.

Anthropic is using a lot fewer resources to actually grab the enterprise customer.

So copying them makes sense.

I don't know if the consumer matters here.

I think the enterprise matters for now.

And yeah, Anthropic is showing the way.

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.