Travis Kalanick

Should they be pivoting straight into business, developers, and getting focused on that?

Or should they stay focused on the consumer where they are the verb?

Travis, there's a big debate going on amongst the investors.

The FT piece also questioned the $850 billion valuation of OpenAI.

Secondary markets have now priced Anthropic higher than OpenAI for the first time.

This is the flippening that people predicted.

One investor said OpenAI would need to IPO at a valuation of $1.2 trillion for the last round to make any sense.

But there's no buyers currently at the $850 billion valuation that OpenAI just closed, according to Bloomberg.

Travis, how do you handicap this race between these two leading frontier models?

growth is king right now in this world, in this segment.

Growth is the whole damn thing.

And if Anthropic is growing faster than OpenAI by a significant clip, the investors right now are gonna play it forward.

And you start to get network effects around compute, network effects around the number of tokens you're pushing out for various customers, enterprise or consumer.

And ultimately, it's not great today, but how that plays into reinforcement learning and the things getting smarter over time.

There's so much upside to volume and scale that if they are growing faster at the same size,

Even if OpenAI is still growing, but if they are half the growth rate, a third the growth rate, a fifth the growth rate, I'd be worried.

And you saw this at Uber specifically when you accelerated away from the competitors like Lyft and DoorDash, yeah?

Yeah, you had to.

Network effects was the whole thing at the end of the day.

And network effects was based on scale.