Travis Hoium

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.

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