Travis Hoium

So this is maybe a step in the right direction.

But the other interesting thing is it seems like they're kind of seeding a lot of this consumer space.

You know, if you want to make a video, go to Gemini.

And that was the theory even 12 or 18 months ago was that Alphabet was going to be and Google were going to be disrupted.

This is kind of seeding that entire area to them.

You're giving them the Focus Award, Travis?

Is that the thing?

Yeah.

Well, I mean, for now, we'll see until they go public and then start throwing spaghetti at the wall again.

I think this is a rare moment of honesty from OpenAI, a company that loves a good press release.

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.