OpenAI's Week From Hell — And Why Anthropic Is Winning

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Prof G Markets 1h 15m 4 speakers 8 chapters transcribed 4 months ago
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What challenges did OpenAI face this week?

Scott Galloway 0:00
Support for this show comes from Odoo. Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other? Introducing Odoo. It's the only business software you'll ever need. It's an all-in-one, fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce and more. And the best part? Odoo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you? Try Odoo for free at odoo.com. That's O-D-O-O dot com. Support for this show comes from Odoo. Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other?
Scott Galloway 0:50
Introducing Odoo.

How did OpenAI's missed targets affect its market value?

Scott Galloway 0:52
It's the only business software you'll ever need. It's an all-in-one, fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce, and more. And the best part? Odoo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you? Try Odoo for free at odoo.com. That's O-D-O-O dot com.
Ed Elson 1:22
Hey, it's Francis Lam, host of the Splendid Table podcast. Every week on our show, we celebrate the intersection of food and life. And this month, we're releasing a new series called Culinary Masters. It highlights some of the most iconic people in the food world. And we're revisiting conversations with people who have fundamentally changed how many of us cook and think about food. People like Jacques Pepin, Claudia Rodin, and Tony Bourdain, to name a few.

What legal issues is OpenAI currently dealing with?

Ed Elson 1:46
You can listen to this special series now. Just search for the Splendid Table in your podcast app. Today's number 30. That's the percentage of Gen Z people who believe they are psychic. Ed, does Forrest Gump belong to Gen X, Gen Y, or Gen Z? I'm not sure. Nope, he belongs to Gen A. Wow, that really moved Claire. My favorite part was the nope.
Scott Galloway 2:12
It's not a transition from what he said.
Ed Elson 2:14
Is that I'm not sure you said nope? No. Nope, Gen A. Gen A. Gen A. Gen A, yeah.
Unknown 2:22
How was your interview with Ray Dalio?
Scott Galloway 2:33
It was great. He's got the same perspective he usually has, but I mean, he's been right about a lot of things.

What does Anthropic's rise mean for the AI industry?

Scott Galloway 2:42
But yeah, we had an excellent discussion. Had a great discussion with Gil Luria as well. Talked about the tech earnings, which was interesting, which we'll get into as well. It's been a good week. Good week for the show.
Ed Elson 2:53
You know what I really enjoyed? I don't listen to your work, but I accidentally stumbled across it yesterday. I listened to the guys talking about AI and power, the grid. I thought that was really interesting. You should check out the podcast. I like to watch it because I find you handsome.
Scott Galloway 3:10
That's good. I'll take that. I'll take that. A criticism and a compliment.

How did big tech companies perform in their recent earnings reports?

Scott Galloway 3:15
We're net neutral. I'm happy with it.
Ed Elson 3:17
I found myself putting Rewind a lot to try and understand it. And I also want to announce that we are transitioning to a power inference GPU AI center company called Quince.
Scott Galloway 3:31
Quince AI. Quince AI. I love it. We're pulling an Allbirds right after the live tour, which is happening in 23 days. We're going to be in San Francisco. We're going to be in LA. We're going to be in Miami. We're going to be in Chicago. We're going to finish in New York. We're so excited. So please go get your tickets at ProfitingMarketsTour.com if you want to come see us.

What insights can we gather from Meta's earnings performance?

Scott Galloway 3:54
It'll be a great time. I think this is your first tour, isn't it?
Ed Elson 3:57
It's the first time you've been on a live podcast tour, right? It's our first together. Yeah, we're super excited, and we have guests lined up for all of them. So it's going to be a lot of fun.
Scott Galloway 4:08
All right, Ed, should we get to the news? Let's do it. Today we're discussing OpenAI's week from hell, also big tech earnings, and also a bailout of Spirit Airlines. So let's get into it.
Scott Galloway 4:29
It was a brutal week for OpenAI with a string of setbacks putting the company under pressure. A Wall Street Journal report revealed the company missed both key revenue and user growth targets. At the same time, OpenAI's legal battle with Elon Musk kicked off.

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