Chapter 1: What is the main topic discussed in this episode?
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Well, we started today with a big pop in shares of AMD. This after it inked a landmark deal with OpenAI to build out infrastructure, giving the chipmaker a chance to challenge NVIDIA in the computing industry.
Now, this comes on the same day as OpenAI's annual Developer's Day, a Developer's Day where we've seen a lot of stocks, including Figma, HubSpot, Cisco, Mattel, just to name a few, also moving significantly based on some of the comments coming out of that conference. Joining us right now, is Ed Ludlow. He is at that conference and he's joined right now by the COO of OpenAI, Brad Lightcap. Ed.
Yeah. And the headline is the ability to use third party apps within ChatGPT. And the profound impact on the market was simply those name checked, saw their stocks move in a significant way. Delighted to speak once again with Brad Lightcap. It's as simple as that, as that really, you know, the ability to be within ChatGPT and access Spotify or Figma as two examples.
When you were discussing the idea of that and API access with those partners, was it a tough negotiation to get them on board with the idea?
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Chapter 2: How are third-party apps integrated within ChatGPT?
I think you saw today we live demoed I think three or four different things that we've built in real time. We expect that to continue to be the trend. Things like Agent Builder allow enterprises to be able to build agentic experiences, powerful agentic experiences, on the go, iteratively, and connected into the tools and sources of information that matter for the business.
The data point that jumped out at me is your API is handling more than 6 billion tokens per minute, and that helps explain why the AMD deal.
know which is focused on inference you are involved in all of these domains of the company i've already asked greg but i've got to ask you how are you going to finance yet another infrastructure project like is there going to be some debt here specifically for the amd capacity and how do you move quickly to get it online
Yeah, well, the high level thing is we are tremendously compute constrained. It feels like we're in this kind of recurring theme of being compute constrained. And I think the reason for that is the answer to the question you asked, which is demand. We see there are multiples of demand that are latent and untapped. from what we have today.
And even today, obviously, by any standard, demand and revenue growth has been torrid in its pace. And so really, we have to invest ahead of that. And I think that's going to be the rate limiter for us to be able to go capture demand, whether it's consumer or enterprise, and for us to be able to build new models, parallelize more experiences, more product experiences,
and then enable users specifically to be able to use those products more actively in their daily life at work and at home. And so even things like Sora, the app we just launched, we wish we could invite more people onto it now, but we just need more compute. So the AMD deal, we're excited about being directionally a way for us to do that.
I've got to ask about the report that OpenAI closed secondary or the ability for employees to sell shares at a $500 billion valuation. I already asked you this question, but what is the metric we're supposed to judge your success by? The $500 billion valuation, the 6 billion tokens per minute? To you, Brad, what is it?
For me, it's actually kind of a metric that we talked about is tokens. You mentioned 6 billion tokens per minute on our API. That is the purest, for me, the kind of essence of utility is that consumption metric. And so we've actively tracked that metric to see how people's consumption of AI is growing over time. And you see this happen in amazing ways.
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Chapter 3: What challenges did OpenAI face in negotiating with partners?
So things like Codex, for example, we've seen grow 10x since August, purely in consumption of tokens around coding. And you start to see that same pattern emerge across multiple lanes of use and across multiple areas of work. And that's the metric I look at because if that number is going up, it means people are using us for more things. And that's the ultimate goal.
Brad Lightcap is OpenAI's COO. There has been a fire hose of headlines and it has moved markets all day long.
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