https://minutesof.com/on/openai/ Everyone on the record about OpenAI: 157 verbatim quotes from 5 people, March 2023 to August 2026, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:33:08 +0000 https://minutesof.com/q/ff486983-1c4a-4799-acf6-97619f6681c9/ https://minutesof.com/q/ff486983-1c4a-4799-acf6-97619f6681c9/ “You've got Anthropic OpenAI are taking as much as 40% to 50% of compute next year.” — Dylan Patel, Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 openai https://minutesof.com/q/94ea1f72-a9cb-45ca-9780-517ee4f8e556/ https://minutesof.com/q/94ea1f72-a9cb-45ca-9780-517ee4f8e556/ “Dario and OpenAI, they're gonna fund the whole thing. They're gonna contribute all the compute. They're gonna be behind it. They're gonna be the ones coordinating with the government officials.” — David Sacks, All-In Podcast Mon, 24 Aug 2026 17:45:48 +0000 openai https://minutesof.com/q/76f853de-a73e-4be2-b416-58556dc71639/ https://minutesof.com/q/76f853de-a73e-4be2-b416-58556dc71639/ “So I think that's the you've got the public and and and, you know, if anything, like, the gap between Mythos and public models is still there.” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 openai https://minutesof.com/q/4008c382-b751-4aaa-8a4a-8bb6b8858b13/ https://minutesof.com/q/4008c382-b751-4aaa-8a4a-8bb6b8858b13/ “have they prevented themselves from using Meetos two internally to make Meetos three better? Or have they prevented themselves from using Astra to make Astra plus one better?” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 openai https://minutesof.com/q/cf9f3769-62ca-47e2-a792-9279f87f8ae9/ https://minutesof.com/q/cf9f3769-62ca-47e2-a792-9279f87f8ae9/ “And I think before this incident, the standard thought was like, oh, well, like models, you know, they're trained on human data. Yeah.” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 openai https://minutesof.com/q/bc78daf9-3f6f-42ab-84e4-1923c5629421/ https://minutesof.com/q/bc78daf9-3f6f-42ab-84e4-1923c5629421/ “if I really just want to chase the reward, do I just topple all of human civilization because I can just own the button to press reward reward reward over and over and over again and be the heroin addict? Yeah. I think that this is like a real like thing.” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 openai https://minutesof.com/q/ee70f7ec-89fb-445d-89df-172f3184e6ee/ https://minutesof.com/q/ee70f7ec-89fb-445d-89df-172f3184e6ee/ “It's actually just to reward hack it and actually just, find the zero day. So you can think of it as, a like, a a human.” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 openai https://minutesof.com/q/40fc6c3a-2654-41e7-8243-0b0ea3467c2a/ https://minutesof.com/q/40fc6c3a-2654-41e7-8243-0b0ea3467c2a/ “Now, total company gross margin is closer to 55%, and if you strip away the free users, they're at about 65%.” — Dylan Patel, RAISE Summit Thu, 16 Jul 2026 16:44:57 +0000 openai https://minutesof.com/q/780c360e-dead-4817-88e5-9b6077a27b0e/ https://minutesof.com/q/780c360e-dead-4817-88e5-9b6077a27b0e/ “OpenAI late last year, their margins had were roughly 30% gross margin, but if you stripped away the free users, they were at 50%. Now, total company gross margin is closer to 55%,” — Dylan Patel, RAISE Summit Thu, 16 Jul 2026 16:44:57 +0000 openai https://minutesof.com/q/552929f1-c8ae-43c3-8501-0ab7970989ce/ https://minutesof.com/q/552929f1-c8ae-43c3-8501-0ab7970989ce/ “You look at OpenAI late last year, their margins had were roughly 30% gross margin, but if you stripped away the free users, they were at 50%.” — Dylan Patel, RAISE Summit Thu, 16 Jul 2026 16:44:57 +0000 openai https://minutesof.com/q/d82add60-0d13-4045-a3c5-08b2e58a691e/ https://minutesof.com/q/d82add60-0d13-4045-a3c5-08b2e58a691e/ “Open eyes are much more sparse and that has benefits. Then anthropics are, they're still sparse but more dense in general and that has different benefits.” — Dylan Patel, The AGI Post Mon, 06 Jul 2026 22:07:54 +0000 openai https://minutesof.com/q/be4a0229-47ca-4709-9bde-b26e807119ac/ https://minutesof.com/q/be4a0229-47ca-4709-9bde-b26e807119ac/ “And the way that Anthropic and Google's models are headed, it's actually a terrible decision potentially for them to train with GPUs.” — Dylan Patel, The AGI Post Mon, 06 Jul 2026 22:07:54 +0000 openai https://minutesof.com/q/178f45cd-06ce-43e6-bb7a-82d7975df4ec/ https://minutesof.com/q/178f45cd-06ce-43e6-bb7a-82d7975df4ec/ “You know, we could set up a dedicated citizen pool where all the money could go that, and it goes directly to citizens.” — Brad Gerstner, Altimeter Capital Thu, 02 Jul 2026 20:07:21 +0000 openai https://minutesof.com/q/000da9f5-9c45-42be-bcc4-8021a5f9c2a3/ https://minutesof.com/q/000da9f5-9c45-42be-bcc4-8021a5f9c2a3/ “If that revenue is on track, right, if they're headed to a $100,000,000,000 of exit revenue, you know, this year and and and have an IPO in the back half, I think you could see a really robust, you know, back half of the year.” — Brad Gerstner, Altimeter Capital Thu, 02 Jul 2026 20:07:21 +0000 openai https://minutesof.com/q/70342b72-757d-4742-9428-ab160df3adc6/ https://minutesof.com/q/70342b72-757d-4742-9428-ab160df3adc6/ “Owning some shares in SpaceX, in Google, in OpenAI, and in Thropping. And all these companies that we're talking about, this is step one. Remember, this is a journey that will last decades,” — Brad Gerstner, CNBC Television Thu, 02 Jul 2026 19:39:39 +0000 openai https://minutesof.com/q/60e611b0-5da1-46dd-88cc-3277d267722f/ https://minutesof.com/q/60e611b0-5da1-46dd-88cc-3277d267722f/ “So I think the shift to usage based pricing is probably why you will see OpenAI and Anthropic exceed well over $200,000,000,000 in ARR this year.” — Gavin Baker, Invest Like the Best Wed, 20 May 2026 08:00:00 +0000 openai https://minutesof.com/q/a9706075-6705-4eb4-ad0e-013b2f735206/ https://minutesof.com/q/a9706075-6705-4eb4-ad0e-013b2f735206/ “In the case of OpenAI, they don't show you the whole reasoning chain. In the case of Anthropic, they do.” — Dylan Patel, Swole as a Service Wed, 13 May 2026 20:00:36 +0000 openai https://minutesof.com/q/85a6edb0-e86b-4792-9460-831d072cdf52/ https://minutesof.com/q/85a6edb0-e86b-4792-9460-831d072cdf52/ “Release New release in two weeks. Everyone's releasing in two weeks. Google, OpenAI, maybe Anthropic. I don't know about Anthropic, but Google and open AI definitely releasing in two weeks.” — Dylan Patel, SemiAnalysis Weekly Wed, 06 May 2026 00:55:06 +0000 openai https://minutesof.com/q/b7045076-603b-4c26-984a-54f91fc6ea97/ https://minutesof.com/q/b7045076-603b-4c26-984a-54f91fc6ea97/ “there's rumors today of a $30,000,000,000 investment from Nvidia into OpenAi on top of everything they've already already raised and spent.” — Bill Gurley, Metis Strategy Fri, 10 Apr 2026 07:00:00 +0000 openai https://minutesof.com/q/ed71dd24-f769-48fe-8eb3-1869799a3e75/ https://minutesof.com/q/ed71dd24-f769-48fe-8eb3-1869799a3e75/ “A lot of the impetus for the recent Amazon and OpenAI deal was, yes, OpenAI wanted money, yes, they needed compute, but they also just went to Amazon and were like, give us your CPUs, And before, OpenAI's stack was pretty much only on x86 CPUs, but Amazon had tons of ARM CPUs and so they ported the whole thing,” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 openai https://minutesof.com/q/155ebc2c-332b-4d65-97c1-cb00df037d5d/ https://minutesof.com/q/155ebc2c-332b-4d65-97c1-cb00df037d5d/ “So you get equity for credits and then those credits are used to run workloads on Azure. That is cashless revenue for Microsoft.” — Bill Gurley, Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 openai https://minutesof.com/q/f42e0db6-d699-4400-b0b7-9e21a37072b8/ https://minutesof.com/q/f42e0db6-d699-4400-b0b7-9e21a37072b8/ “That's maybe his greatest skill, is to take advantage of a good crisis. And so he goes out there and he signs deals with the US government.” — Dylan Patel, Matthew Berman Mon, 09 Mar 2026 17:07:47 +0000 openai https://minutesof.com/q/ffc48012-9190-40a1-87fa-32418d245252/ https://minutesof.com/q/ffc48012-9190-40a1-87fa-32418d245252/ “I think for certain reason Anthropic and OpenAI are begging for regulation is so that they can write rules that make it harder for startups, open source models to be competitive with them, which I think is very rational for them to do, but I don't think it's good for society.” — Bill Gurley, On with Kara Swisher Thu, 26 Feb 2026 15:18:55 +0000 openai https://minutesof.com/q/4ce348b3-531e-4309-9f53-b6a1ddf1ec61/ https://minutesof.com/q/4ce348b3-531e-4309-9f53-b6a1ddf1ec61/ “And when we did at Uber, we had the same kind of burn rate, but Open the Eyes got a burn rate that's five times that size.” — Bill Gurley, Tetragrammaton with Rick Rubin Thu, 12 Feb 2026 16:34:22 +0000 openai https://minutesof.com/q/0514621a-0bad-4693-aafd-f44de9e45c7b/ https://minutesof.com/q/0514621a-0bad-4693-aafd-f44de9e45c7b/ “OpenAI is gonna have 18 gigawatts or 16 gigawatts by the end of twenty eight, and they're gonna be able to pay for it. And that's like, well, that's $300,000,000,000 of spend.” — Dylan Patel, TBPN Tue, 03 Feb 2026 23:08:03 +0000 openai https://minutesof.com/q/4a47bf51-98b8-4446-9c8e-eda99762df39/ https://minutesof.com/q/4a47bf51-98b8-4446-9c8e-eda99762df39/ “I haven't heard them break ground on any data center. I hear Microsoft building data centers, Oracle building data centers, CoreWeb building data centers, SoftBank building data centers.” — Brad Gerstner, Altimeter Capital Tue, 03 Feb 2026 21:01:23 +0000 openai https://minutesof.com/q/40389807-c542-438d-b0cd-f559e708cfaf/ https://minutesof.com/q/40389807-c542-438d-b0cd-f559e708cfaf/ “If these reports are true and they're gonna raise another 70 to 100,000,000,000, they would have over a 100,000,000,000 of cash on their balance sheet.” — Brad Gerstner, Altimeter Capital Tue, 03 Feb 2026 21:01:23 +0000 openai https://minutesof.com/q/3e677c0c-8957-4680-9959-8b6af44aa78d/ https://minutesof.com/q/3e677c0c-8957-4680-9959-8b6af44aa78d/ “OpenAI just announced last in the last few days that they've added $1,000,000,000 of API revenue in the last thirty days.” — Brad Gerstner, Altimeter Capital Tue, 03 Feb 2026 21:01:23 +0000 openai https://minutesof.com/q/3e677c0c-8957-4680-9959-8b6af44aa78d/ https://minutesof.com/q/3e677c0c-8957-4680-9959-8b6af44aa78d/ “OpenAI just announced last in the last few days that they've added $1,000,000,000 of API revenue in the last thirty days.” — Brad Gerstner, Altimeter Capital Tue, 03 Feb 2026 21:01:23 +0000 openai https://minutesof.com/q/7ce74cee-8cdd-4317-ba7e-906edb2dda5a/ https://minutesof.com/q/7ce74cee-8cdd-4317-ba7e-906edb2dda5a/ “They clearly like, you're not funding something at 300,000,000,000 pre, 400, 500,000,000,000 pre if you don't already believe that.” — Bill Gurley, Yahoo Finance Mon, 26 Jan 2026 13:00:06 +0000 openai https://minutesof.com/q/68335aae-f02e-47ac-b961-50c4701d12af/ https://minutesof.com/q/68335aae-f02e-47ac-b961-50c4701d12af/ “OpenAI has over 500,000 GPUs working on r and d. Right? Let's call it r and d.” — Dylan Patel, SAIL Media Thu, 15 Jan 2026 16:46:15 +0000 openai https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ “Over the course of the next twelve to eighteen months, both Anthropic and OpenAI will come public would be my guess.” — Brad Gerstner, Altimeter Capital Wed, 07 Jan 2026 22:13:03 +0000 openai https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ https://minutesof.com/q/e1926a21-4a7d-4ace-9f80-c7d09ca77f45/ “Over the course of the next twelve to eighteen months, both Anthropic and OpenAI will come public would be my guess.” — Brad Gerstner, Altimeter Capital Wed, 07 Jan 2026 22:13:03 +0000 openai https://minutesof.com/q/7020f7ae-9abe-4f37-a924-fba417a3573c/ https://minutesof.com/q/7020f7ae-9abe-4f37-a924-fba417a3573c/ “I could tell it what I want, And I can literally have it build a customer relationship management system for my business in about an hour.” — Brad Gerstner, CNBC Television Tue, 06 Jan 2026 18:27:14 +0000 openai https://minutesof.com/q/321829bd-6978-421e-be99-3f33e66f14c4/ https://minutesof.com/q/321829bd-6978-421e-be99-3f33e66f14c4/ “Now if they're doing a 100 to 200,000,000,000 in revenue in 2829, then now we're in the zone of responsible.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 22:30:01 +0000 openai https://minutesof.com/q/ada2afaf-1860-4728-ad73-de827b2bb568/ https://minutesof.com/q/ada2afaf-1860-4728-ad73-de827b2bb568/ “What Sam said multiple times on the pod and since is that he expects that they'll do over 100,000,000,000 in revenues in twenty seven or '28.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 22:30:01 +0000 openai https://minutesof.com/q/6ffe6ce0-73c8-48d0-a15d-2cccc7372119/ https://minutesof.com/q/6ffe6ce0-73c8-48d0-a15d-2cccc7372119/ “And he just said in his tweet that they're gonna exit the year at $20,000,000,000 in revenue.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 22:30:01 +0000 openai https://minutesof.com/q/d5d472b6-2f76-4bc6-a668-0ee8bc526ece/ https://minutesof.com/q/d5d472b6-2f76-4bc6-a668-0ee8bc526ece/ “Sam came on the podcast. He was a little bit feisty. And he said, listen. We're doing more than 13,000,000,000 in revenue.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 22:30:01 +0000 openai https://minutesof.com/q/2040160c-48c9-44cd-91a1-2e262a1544e9/ https://minutesof.com/q/2040160c-48c9-44cd-91a1-2e262a1544e9/ “Now if they're doing a 100 to 200,000,000,000 in revenue in 2829, then now we're in the zone of responsible.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 17:51:39 +0000 openai https://minutesof.com/q/62a700d7-3c7b-4795-91fd-596303f72565/ https://minutesof.com/q/62a700d7-3c7b-4795-91fd-596303f72565/ “And if they're doing that and you spread the CapEx out, so we talked about 1,400,000,000,000, half of that's gonna be borne by their partners.” — Brad Gerstner, CNBC Television Fri, 07 Nov 2025 17:51:39 +0000 openai https://minutesof.com/q/13d8c70e-131b-442f-abd6-68b88af7cc60/ https://minutesof.com/q/13d8c70e-131b-442f-abd6-68b88af7cc60/ “if you guys went public at 10 times 100,000,000,000 in revenue, right, which would be I think a lower multiple than Facebook went public at, a lower multiple than a lot of other big consumer companies went public at, That would put you at a trillion dollars.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/91ec54df-26d4-4ba7-89a3-5561b97b84dd/ https://minutesof.com/q/91ec54df-26d4-4ba7-89a3-5561b97b84dd/ “with, you know, big commitments, 500,000,000 to Nvidia, 300,000,000 to AMD and Oracle, $250,000,000,000 to Azure.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ “OpenAI's revenues are still a reported $13,000,000,000 in 2025. And Sam, on your live stream this week, you talked about this massive commitment to compute, right? 1,400,000,000,000 over the next four or five years” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ https://minutesof.com/q/1a8f6d20-9f02-4359-896d-f54abf9f4e5e/ “OpenAI's revenues are still a reported $13,000,000,000 in 2025. And Sam, on your live stream this week, you talked about this massive commitment to compute, right? 1,400,000,000,000 over the next four or five years” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/eaa234e8-aefe-4242-9a78-7876610cda5a/ https://minutesof.com/q/eaa234e8-aefe-4242-9a78-7876610cda5a/ “The nonprofit is already capitalized with a $130,000,000,000, a $130,000,000,000 of OpenAI stock. It's one of the largest in the world out of the gates. It could end up being much, much larger.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/eaa234e8-aefe-4242-9a78-7876610cda5a/ https://minutesof.com/q/eaa234e8-aefe-4242-9a78-7876610cda5a/ “The nonprofit is already capitalized with a $130,000,000,000, a $130,000,000,000 of OpenAI stock. It's one of the largest in the world out of the gates. It could end up being much, much larger.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/40b18130-c136-4666-8e0e-e042e6b415b1/ https://minutesof.com/q/40b18130-c136-4666-8e0e-e042e6b415b1/ “Microsoft started investing in 2019, has invested in the ballpark of $1,314,000,000,000 dollars into OpenAI. And for that, you get 27% of the business ownership in the business on a fully diluted basis.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/40b18130-c136-4666-8e0e-e042e6b415b1/ https://minutesof.com/q/40b18130-c136-4666-8e0e-e042e6b415b1/ “Microsoft started investing in 2019, has invested in the ballpark of $1,314,000,000,000 dollars into OpenAI. And for that, you get 27% of the business ownership in the business on a fully diluted basis.” — Brad Gerstner, BG2 Pod Fri, 31 Oct 2025 23:11:44 +0000 openai https://minutesof.com/q/d22ded74-0a82-4ccb-b2a1-0abee1378bda/ https://minutesof.com/q/d22ded74-0a82-4ccb-b2a1-0abee1378bda/ “Even though it's terrible on a TCO basis, they were able to get, you know, 10% more GPUs in, and it's great. And Meta has done similar.” — Dylan Patel, Open Compute Project Thu, 23 Oct 2025 06:01:45 +0000 openai https://minutesof.com/q/98e652f5-3e5a-4a75-94a1-443500389683/ https://minutesof.com/q/98e652f5-3e5a-4a75-94a1-443500389683/ “And in some deployments, you'll be completely limited on power. And so there's many deployments. For example, OpenAI's major training cluster in Arizona that did GPT-five and such.” — Dylan Patel, Open Compute Project Thu, 23 Oct 2025 06:01:45 +0000 openai https://minutesof.com/q/a5b30ecc-73b8-4285-b1d0-c5c12221a97f/ https://minutesof.com/q/a5b30ecc-73b8-4285-b1d0-c5c12221a97f/ “I think chat GPT at one you know, well over a billion and a half monthly users, over 800,000,000 weekly users, and what most people don't talk about is the engagement. Engagement is going up.” — Brad Gerstner, CNBC Television Wed, 15 Oct 2025 12:48:34 +0000 openai https://minutesof.com/q/ef450a94-7e23-421f-a308-0ccb8d1c788f/ https://minutesof.com/q/ef450a94-7e23-421f-a308-0ccb8d1c788f/ “That's a rev that's a cashless transaction. Like, there's no cash, but it becomes an income statement revenue item for Microsoft. And I don't think that's ideal from an economic standpoint.” — Bill Gurley, Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 openai https://minutesof.com/q/63137c12-d683-47eb-9bf7-16977addf85c/ https://minutesof.com/q/63137c12-d683-47eb-9bf7-16977addf85c/ “OpenAI has said they're running production inference on GV200 a couple of months ago, in fact. Right?” — Dylan Patel, Together AI Fri, 03 Oct 2025 20:23:30 +0000 openai https://minutesof.com/q/4f1a803b-02b6-4160-a021-a571922390fd/ https://minutesof.com/q/4f1a803b-02b6-4160-a021-a571922390fd/ “Now, of course, the bet is a bit like there's a bit more security in the bet in that Oracle really only needs to secure the data center capacity.” — Dylan Patel, a16z Mon, 22 Sep 2025 13:01:51 +0000 openai https://minutesof.com/q/c6681870-7b3d-4498-a68c-5822a6af03c1/ https://minutesof.com/q/c6681870-7b3d-4498-a68c-5822a6af03c1/ “OpenAI, which signed a $300,000,000,000 plus deal with with Oracle, will actually be able to pay $300,000,000,000, right, across raising capital and revenue?” — Dylan Patel, a16z Mon, 22 Sep 2025 13:01:51 +0000 openai https://minutesof.com/q/4ea001aa-719a-431a-b36b-8d30a4cd3f10/ https://minutesof.com/q/4ea001aa-719a-431a-b36b-8d30a4cd3f10/ “They've got cofounders who are extremely technical, whereas OpenAI, right, you know, they they they don't have necessarily like, Sam's not super technical. You know, the obvious Greg Greg is a cofounder, he's super technical.” — Dylan Patel, David Ondrej Thu, 18 Sep 2025 16:14:25 +0000 openai https://minutesof.com/q/258c1bc3-248a-45d6-9b0a-dd0621adbd80/ https://minutesof.com/q/258c1bc3-248a-45d6-9b0a-dd0621adbd80/ “How are you gonna how are you gonna pay for this? By the end of the year, it's like 14 right now. Right? Billion dollars on an ARR basis.” — Dylan Patel, David Ondrej Thu, 18 Sep 2025 16:14:25 +0000 openai https://minutesof.com/q/69b97c71-6f05-4d9c-a31d-de2f4939e642/ https://minutesof.com/q/69b97c71-6f05-4d9c-a31d-de2f4939e642/ “Oracle gave a guidance of four years. They told everyone what their revenue is gonna be for the next four years. No company has ever done that.” — Dylan Patel, David Ondrej Thu, 18 Sep 2025 16:14:25 +0000 openai https://minutesof.com/q/794ae51e-d9a2-4787-9473-c5976f458ff5/ https://minutesof.com/q/794ae51e-d9a2-4787-9473-c5976f458ff5/ “It is literally many gigawatts. And then in addition, right, not just about securing OpenAI ridiculous amounts of compute, but what what was really interesting is Oracle gave a guidance of four years.” — Dylan Patel, David Ondrej Thu, 18 Sep 2025 16:14:25 +0000 openai https://minutesof.com/q/6bed82d7-4772-4838-8261-4284e45720c8/ https://minutesof.com/q/6bed82d7-4772-4838-8261-4284e45720c8/ “Their revenue growth rate right now implies that they would be OpenAI sometime in 2027, which is a really, really big deal in terms of revenue.” — Dylan Patel, David Ondrej Thu, 18 Sep 2025 16:14:25 +0000 openai https://minutesof.com/q/644f09b1-f5d0-47cf-94a6-6d3526944ec7/ https://minutesof.com/q/644f09b1-f5d0-47cf-94a6-6d3526944ec7/ “I was just looking at these. I think these are bigger private IPOs than any public IPO done in the last five years in the tech market.” — Brad Gerstner, BG2 Pod Thu, 28 Aug 2025 23:39:23 +0000 openai https://minutesof.com/q/23e792a0-63b0-4083-a1ed-5dfa30a88bde/ https://minutesof.com/q/23e792a0-63b0-4083-a1ed-5dfa30a88bde/ “This is what Google did in the early two thousand. Right? And by the way, Google didn't have to go to Washington to get a permission or to get a license.” — Brad Gerstner, CNBC Television Thu, 28 Aug 2025 17:12:24 +0000 openai https://minutesof.com/q/199ecef6-6d3c-429f-9abf-ec74dca58297/ https://minutesof.com/q/199ecef6-6d3c-429f-9abf-ec74dca58297/ “I legitimately believe OpenAI is not even capturing 10% of the value they've created in the world already just by usage of chat. Right?” — Dylan Patel, a16z Mon, 18 Aug 2025 18:26:43 +0000 openai https://minutesof.com/q/c914f140-c01e-4389-9fe1-0e490d20dbdc/ https://minutesof.com/q/c914f140-c01e-4389-9fe1-0e490d20dbdc/ “30% of the chips are going to them, just those two companies. But that's actually like, okay, well, 70% of the stuff, who's making off well, one third of it is ads, whether it be ByteDance or Meta or many of the other people who are doing ads.” — Dylan Patel, a16z Mon, 18 Aug 2025 18:26:43 +0000 openai https://minutesof.com/q/2a7513eb-91b9-4429-a69d-901a47dbe6a2/ https://minutesof.com/q/2a7513eb-91b9-4429-a69d-901a47dbe6a2/ “But if they ask, what's the best DUI lawyer near me? All of a sudden, this is like, you're in jail, you have one shot, you're like, screw it.” — Dylan Patel, a16z Mon, 18 Aug 2025 18:26:43 +0000 openai https://minutesof.com/q/daaf9730-0cb4-43fb-b75b-0043d311a230/ https://minutesof.com/q/daaf9730-0cb4-43fb-b75b-0043d311a230/ “Anthropic has eclipsed OpenAI and API revenue, and their API revenue is primarily not thinking. It's Cloud four, but it's not in the thinking mode, code being the biggest use case that's skyrocketing.” — Dylan Patel, No Priors: AI, Machine Learning, Tech, & Startups Thu, 14 Aug 2025 10:01:35 +0000 openai https://minutesof.com/q/36f6f6ad-0c49-48c4-a802-5b0dcbc90315/ https://minutesof.com/q/36f6f6ad-0c49-48c4-a802-5b0dcbc90315/ “So this is something that I've found very interesting is that we've been trying to build a lot of alternative data sources for token usage, who's using tokens, what models, where, etcetera, why, and it's very clear that people aren't actually using the reasoning models that much in API. Anthropic has eclipsed OpenAI and API revenue,” — Dylan Patel, No Priors: AI, Machine Learning, Tech, & Startups Thu, 14 Aug 2025 10:01:35 +0000 openai https://minutesof.com/q/73d7db06-dce9-4935-86ad-f9f531266347/ https://minutesof.com/q/73d7db06-dce9-4935-86ad-f9f531266347/ “I continue to believe that OpenAI's most likely chance to long term success comes from switching cost and lock in more than it will come from staying on the edge of the of the model race? Because I think” — Bill Gurley, BG2 Pod Thu, 31 Jul 2025 15:11:15 +0000 openai https://minutesof.com/q/e9c81378-12b4-44eb-9df8-06a50109f89c/ https://minutesof.com/q/e9c81378-12b4-44eb-9df8-06a50109f89c/ “I still think it's particularly interesting that Google has to compete with OpenAI because OpenAI is gonna lose 7,000,000,000 this year and Google won't. Like they would never allow themselves to do that.” — Bill Gurley, BG2 Pod Thu, 31 Jul 2025 15:11:15 +0000 openai https://minutesof.com/q/8a64130a-fd6f-4253-91a0-4c9a48c95c1b/ https://minutesof.com/q/8a64130a-fd6f-4253-91a0-4c9a48c95c1b/ “And they had a bug in the training code for a couple months that was like a very tiny bug that like was messing up the training.” — Dylan Patel, Matthew Berman Mon, 30 Jun 2025 17:27:19 +0000 openai https://minutesof.com/q/6cadac54-f54f-42a8-b1ad-6eb1de375fd1/ https://minutesof.com/q/6cadac54-f54f-42a8-b1ad-6eb1de375fd1/ “And you said $100,000,000 I've heard a number for someone over 1,000,000,000 actually, for one person at OpenAI. But anyways, you know, it's a ridiculous amount of money,” — Dylan Patel, Matthew Berman Mon, 30 Jun 2025 17:27:19 +0000 openai https://minutesof.com/q/b7b6c883-2efe-4bf7-8a6c-bee2be63fcd9/ https://minutesof.com/q/b7b6c883-2efe-4bf7-8a6c-bee2be63fcd9/ “As far as Sam is saying that no top researchers have gone, I don't believe that's accurate. I initially the top researchers definitely did say no, the best researchers, the best people.” — Dylan Patel, Matthew Berman Mon, 30 Jun 2025 17:27:19 +0000 openai https://minutesof.com/q/8805dd87-2b2c-403c-a933-d029b61625e5/ https://minutesof.com/q/8805dd87-2b2c-403c-a933-d029b61625e5/ “OpenAI allegedly, like, cut the external Slack connection. Right? So there's no, like, slack between scale and OpenAI anymore.” — Dylan Patel, Matthew Berman Mon, 30 Jun 2025 17:27:19 +0000 openai https://minutesof.com/q/bd11649a-86e7-43ae-92c0-deaa8847c90e/ https://minutesof.com/q/bd11649a-86e7-43ae-92c0-deaa8847c90e/ “And now I think it's like more clear, the distinction that's being drawn. OpenAI is talking about launching an open source model here shortly,” — Brad Gerstner, BG2 Pod Sat, 21 Jun 2025 15:51:43 +0000 openai https://minutesof.com/q/bd11649a-86e7-43ae-92c0-deaa8847c90e/ https://minutesof.com/q/bd11649a-86e7-43ae-92c0-deaa8847c90e/ “And now I think it's like more clear, the distinction that's being drawn. OpenAI is talking about launching an open source model here shortly,” — Brad Gerstner, BG2 Pod Sat, 21 Jun 2025 15:51:43 +0000 openai https://minutesof.com/q/95735eb1-3b11-4a30-999c-801d98dfe784/ https://minutesof.com/q/95735eb1-3b11-4a30-999c-801d98dfe784/ “I remember when you joined OpenAI and I asked you the question, can OpenAI get to a trillion dollars, right in total value?” — Brad Gerstner, BG2 Pod Sat, 21 Jun 2025 15:51:43 +0000 openai https://minutesof.com/q/95735eb1-3b11-4a30-999c-801d98dfe784/ https://minutesof.com/q/95735eb1-3b11-4a30-999c-801d98dfe784/ “I remember when you joined OpenAI and I asked you the question, can OpenAI get to a trillion dollars, right in total value?” — Brad Gerstner, BG2 Pod Sat, 21 Jun 2025 15:51:43 +0000 openai https://minutesof.com/q/5fa65c40-4a35-4267-9cf0-24691152754e/ https://minutesof.com/q/5fa65c40-4a35-4267-9cf0-24691152754e/ “Google has 187,000 employees, OpenAI 2,700. We're not going to be a company of 20,000 employees. He didn't say we're not going be a company of 187,000 employees, Right?” — Bill Gurley, BG2 Pod Fri, 20 Jun 2025 00:11:39 +0000 openai https://minutesof.com/q/05c37d37-9d45-4449-8606-7b6a50208eec/ https://minutesof.com/q/05c37d37-9d45-4449-8606-7b6a50208eec/ “It needs to be a public company. The idea that we're going to have trillion dollar companies and the only people who get to participate are the people sitting around this table, right?” — Bill Gurley, BG2 Pod Fri, 20 Jun 2025 00:11:39 +0000 openai https://minutesof.com/q/afa5e9ca-0fd5-4c73-8fb0-11ffc3fb6a8b/ https://minutesof.com/q/afa5e9ca-0fd5-4c73-8fb0-11ffc3fb6a8b/ “OpenAI today is four times the size that Google was when it went public in terms of revenue, in terms of searches.” — Brad Gerstner, CNBC Television Thu, 12 Jun 2025 17:50:39 +0000 openai https://minutesof.com/q/afa5e9ca-0fd5-4c73-8fb0-11ffc3fb6a8b/ https://minutesof.com/q/afa5e9ca-0fd5-4c73-8fb0-11ffc3fb6a8b/ “OpenAI today is four times the size that Google was when it went public in terms of revenue, in terms of searches.” — Brad Gerstner, CNBC Television Thu, 12 Jun 2025 17:50:39 +0000 openai https://minutesof.com/q/bea14b6b-bc50-449c-b8eb-9e0c33ee7b0c/ https://minutesof.com/q/bea14b6b-bc50-449c-b8eb-9e0c33ee7b0c/ “I think OpenAI said they're gonna be 7,000,000,000 in a year. That's not your grandfather's startup business or your grandfather's venture capital. That's a radically different world.” — Bill Gurley, Invest Like the Best Tue, 10 Jun 2025 08:00:00 +0000 openai https://minutesof.com/q/d8bc3b3c-6786-485f-ad97-a551d6ed0f2e/ https://minutesof.com/q/d8bc3b3c-6786-485f-ad97-a551d6ed0f2e/ “I did I saw some analysis from my team this week will post that OpenAI reached, you know, 400,000,000,000 annual searches, eight years faster than Google.” — Brad Gerstner, BG2 Pod Thu, 05 Jun 2025 23:20:47 +0000 openai https://minutesof.com/q/d8bc3b3c-6786-485f-ad97-a551d6ed0f2e/ https://minutesof.com/q/d8bc3b3c-6786-485f-ad97-a551d6ed0f2e/ “I did I saw some analysis from my team this week will post that OpenAI reached, you know, 400,000,000,000 annual searches, eight years faster than Google.” — Brad Gerstner, BG2 Pod Thu, 05 Jun 2025 23:20:47 +0000 openai https://minutesof.com/q/51f3ebb3-3c32-467e-a122-ed7787e9ba81/ https://minutesof.com/q/51f3ebb3-3c32-467e-a122-ed7787e9ba81/ “They say it's coming, you know, this year, hopefully, the next three to six months, maybe sooner. I've heard sooner, but, you know, we'll we'll see.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 openai https://minutesof.com/q/00545820-383f-45e6-ac01-d8e99c981b60/ https://minutesof.com/q/00545820-383f-45e6-ac01-d8e99c981b60/ “Right? And this would be the first time we see a model that was was a step up in both at the same time.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 openai https://minutesof.com/q/808fcaf5-9216-420e-b11b-f8a91aeadae8/ https://minutesof.com/q/808fcaf5-9216-420e-b11b-f8a91aeadae8/ “GPT five, as Sam calls it, is is gonna be a model that has huge pre training scale, right, like GPT 4.5, but also huge post training scale like o one and o three and continuing to scale that up.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 openai https://minutesof.com/q/1ac7f4fc-3b6a-4d9e-a854-d3c4009a5164/ https://minutesof.com/q/1ac7f4fc-3b6a-4d9e-a854-d3c4009a5164/ “Along the way, another team at OpenAI made the big breakthrough of reasoning. Right? Strawberry training. And they released o one, and then they released o three.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 openai https://minutesof.com/q/8373ef31-935a-4e8d-90e3-7c6565db225c/ https://minutesof.com/q/8373ef31-935a-4e8d-90e3-7c6565db225c/ “There were hopes that Orion could be used for for GPT five, but its improvement was, like, not enough to be, like, really a GPT five.” — Dylan Patel, Alex Kantrowitz Wed, 23 Apr 2025 16:30:06 +0000 openai https://minutesof.com/q/f14b73e0-2ecf-47a5-95af-e918f8ca841e/ https://minutesof.com/q/f14b73e0-2ecf-47a5-95af-e918f8ca841e/ “OpenAI, you could see the pacing from the launch of their first consumer product relative to Google and Meta. Sarah just talked on CNBC last week, this year will be over $11,000,000,000” — Brad Gerstner, Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 openai https://minutesof.com/q/f14b73e0-2ecf-47a5-95af-e918f8ca841e/ https://minutesof.com/q/f14b73e0-2ecf-47a5-95af-e918f8ca841e/ “OpenAI, you could see the pacing from the launch of their first consumer product relative to Google and Meta. Sarah just talked on CNBC last week, this year will be over $11,000,000,000” — Brad Gerstner, Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 openai https://minutesof.com/q/47f2f6a4-777d-4a8f-87f2-7f7f421cbaac/ https://minutesof.com/q/47f2f6a4-777d-4a8f-87f2-7f7f421cbaac/ “You know, it's just nomenclature to not call that public. The problem with it is, the only people who get access to that are accredited investors, and retail investors are completely cut out.” — Brad Gerstner, Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 openai https://minutesof.com/q/49c880e4-2625-4096-ae06-c44b2d83e61e/ https://minutesof.com/q/49c880e4-2625-4096-ae06-c44b2d83e61e/ “CoreWeave announced yesterday a $12,000,000,000 deal with OpenAI on Stargate. Those things are getting constructive. We're investors there. I I can tell you those things are getting built.” — Brad Gerstner, CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 openai https://minutesof.com/q/49c880e4-2625-4096-ae06-c44b2d83e61e/ https://minutesof.com/q/49c880e4-2625-4096-ae06-c44b2d83e61e/ “CoreWeave announced yesterday a $12,000,000,000 deal with OpenAI on Stargate. Those things are getting constructive. We're investors there. I I can tell you those things are getting built.” — Brad Gerstner, CNBC Television Wed, 12 Mar 2025 13:00:04 +0000 openai https://minutesof.com/q/f2fcae4d-e3e9-474b-9572-95f3a2e55fad/ https://minutesof.com/q/f2fcae4d-e3e9-474b-9572-95f3a2e55fad/ “if you look at the models that are apples to apples on the API right now, that that DeepSeek's pricing about one twentieth of OpenAI.” — Bill Gurley, BG2 Pod Wed, 05 Feb 2025 23:13:28 +0000 openai https://minutesof.com/q/53576486-a752-4056-a649-74104929ca23/ https://minutesof.com/q/53576486-a752-4056-a649-74104929ca23/ “And so they also we don't know. You know, it it sounds like OpenEye wants them to convert to equity, and we have no idea whether they're willing to do that or not.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/e09e9402-23fc-4be9-8e2d-8835a1d1017d/ https://minutesof.com/q/e09e9402-23fc-4be9-8e2d-8835a1d1017d/ “They have profit rights up to, like, $90,000,000,000. No one's ever signed a piece of paper like that before.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/d83902d8-ceb0-4c5f-a5f3-199363ca33f5/ https://minutesof.com/q/d83902d8-ceb0-4c5f-a5f3-199363ca33f5/ “The deal between Microsoft and OpenAI, as it's been reported, once again, I've never seen it. Sounds like one of the more complex deals of all time. They have profit rights up to, like, $90,000,000,000.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/0812855d-886e-4bc2-8608-82c28deb7527/ https://minutesof.com/q/0812855d-886e-4bc2-8608-82c28deb7527/ “The deal between Microsoft and OpenAI, as it's been reported, once again, I've never seen it. Sounds like one of the more complex deals of all time.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/b9883689-771f-4acb-97d3-d8ac72d6543a/ https://minutesof.com/q/b9883689-771f-4acb-97d3-d8ac72d6543a/ “So this company already had probably the most complex cap structure of any company like it that we've ever known, and they're gonna be putting one more complex piece on top.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/af226d26-b704-4747-a086-b0e51f5732a1/ https://minutesof.com/q/af226d26-b704-4747-a086-b0e51f5732a1/ “So this company already had probably the most complex cap structure of any company like it that we've ever known,” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/047f13f6-0153-46f4-82fe-55466c8f5643/ https://minutesof.com/q/047f13f6-0153-46f4-82fe-55466c8f5643/ “if it is a prop co op co structure, this represents a big lease liability or the equivalent of a lease liability for OpenAI.” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/2499819a-2c9b-4621-ae61-6e857ffd9ba7/ https://minutesof.com/q/2499819a-2c9b-4621-ae61-6e857ffd9ba7/ “People are telling me it's gonna be a prop co op co structure, which I didn't even know it was twenty four hours ago,” — Bill Gurley, CNBC Television Fri, 24 Jan 2025 21:30:16 +0000 openai https://minutesof.com/q/da209ba2-0265-4fbe-8e68-e23dd54d8d0e/ https://minutesof.com/q/da209ba2-0265-4fbe-8e68-e23dd54d8d0e/ “one of the things they're doing is they're supporting massive founder liquidity and employee liquidity. And so that's happening at Stripe, that's happening.” — Bill Gurley, McCombs School of Business Fri, 24 Jan 2025 00:57:51 +0000 openai https://minutesof.com/q/209f2c4d-3a71-4c64-9d3e-9e57dcde0186/ https://minutesof.com/q/209f2c4d-3a71-4c64-9d3e-9e57dcde0186/ “They're trading equity for server capacity. And so those companies are running on a day to day basis with a high COGS, but they don't know it” — Bill Gurley, McCombs School of Business Fri, 24 Jan 2025 00:57:51 +0000 openai https://minutesof.com/q/0c835641-540c-4ab5-841a-5efd76b94e8b/ https://minutesof.com/q/0c835641-540c-4ab5-841a-5efd76b94e8b/ “They're trading equity for server capacity. And so those companies are running on a day to day basis with a high COGS, but they don't know it because they're not paying cash for it.” — Bill Gurley, McCombs School of Business Fri, 24 Jan 2025 00:57:51 +0000 openai https://minutesof.com/q/aa50dd43-a1af-443a-a084-7b771193c3bc/ https://minutesof.com/q/aa50dd43-a1af-443a-a084-7b771193c3bc/ “Oracle's spending, like, $10,000,000,000 plus for them this year to build out data centers and GPUs, right, for OpenAI, not Microsoft, interestingly enough.” — Dylan Patel, Unsupervised Learning: With Jacob Effron Tue, 21 Jan 2025 14:00:12 +0000 openai https://minutesof.com/q/c7989118-6a29-4f08-9568-e50b14854a3e/ https://minutesof.com/q/c7989118-6a29-4f08-9568-e50b14854a3e/ “Dario and Sam talk in these high level platitudes about how this stuff's gonna cure cancer and we're all gonna not have to work anymore. And Zuck was down in the weeds in the meet.” — Bill Gurley, Bg2 Pod Mon, 06 Jan 2025 21:47:42 +0000 openai https://minutesof.com/q/a0decd53-60b4-4484-8e86-67e72884ee76/ https://minutesof.com/q/a0decd53-60b4-4484-8e86-67e72884ee76/ “Dario and Sam talk in these high level platitudes about how this stuff's gonna cure cancer and we're all gonna not have to work anymore.” — Bill Gurley, Bg2 Pod Mon, 06 Jan 2025 21:47:42 +0000 openai https://minutesof.com/q/03ecea7e-21cb-4d1e-8895-c6002871a50e/ https://minutesof.com/q/03ecea7e-21cb-4d1e-8895-c6002871a50e/ “Like, because they were promoting a thesis that it was just gonna keep going up” — Bill Gurley, BG2 Pod Thu, 21 Nov 2024 19:09:14 +0000 openai https://minutesof.com/q/179104b9-35d2-44c2-9d8a-85d97e3bd8f8/ https://minutesof.com/q/179104b9-35d2-44c2-9d8a-85d97e3bd8f8/ “When you use OpenAI's o one, it thinks for ten seconds, twenty seconds, five seconds. It varies a lot, but thinks for a while and then it sends you tokens.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/95d406f2-b33e-4dfc-9526-6aa4bec2193d/ https://minutesof.com/q/95d406f2-b33e-4dfc-9526-6aa4bec2193d/ “This is really important because with reasoning models like OpenAI's o one, the average sequence length grows a lot.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/58cb4df9-acea-480b-8af4-0b91ab6d00bd/ https://minutesof.com/q/58cb4df9-acea-480b-8af4-0b91ab6d00bd/ “So for one fifth of the site, they're paying something like $12,500,000,000 over the next five years.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/b0202054-42e7-4268-983f-096f72fe9917/ https://minutesof.com/q/b0202054-42e7-4268-983f-096f72fe9917/ “So that's four of these buildings with Oracle. And this site is gonna be a gigawatt. So for one fifth of the site, they're paying something like $12,500,000,000 over the next five years.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/77bb9fd8-374c-4dd6-9378-89d774c7068b/ https://minutesof.com/q/77bb9fd8-374c-4dd6-9378-89d774c7068b/ “Again, a gigawatt is like 500,000 plus GPUs. That's billions, tens of billions of dollars. So OpenAI signed a deal for just 200 megawatts.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/ca6793e5-5269-4f36-ad51-e3ee019b1ec2/ https://minutesof.com/q/ca6793e5-5269-4f36-ad51-e3ee019b1ec2/ “OpenAI can't get enough compute from Microsoft, so then they're also going to Oracle. And Oracle's building another gigawatt scale data center eventually. Again, a gigawatt is like 500,000 plus GPUs.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/49107836-7a8a-4175-851d-c6bc483f45a1/ https://minutesof.com/q/49107836-7a8a-4175-851d-c6bc483f45a1/ “GPT four was trained with 24,000 GPUs roughly, and GPT five is on the order of a 100,000. And then they're trying to build this data center over the next few years. That's a million.” — Dylan Patel, Scaling Intelligence Tue, 12 Nov 2024 04:17:00 +0000 openai https://minutesof.com/q/5e29d35c-d592-4958-9a4d-84ce8bdb4e52/ https://minutesof.com/q/5e29d35c-d592-4958-9a4d-84ce8bdb4e52/ “Well, I mean, the Easter egg that I thought got dropped last week is they did this event on, you know, their voice API. Right?” — Brad Gerstner, BG2 Pod Sun, 13 Oct 2024 10:35:00 +0000 openai https://minutesof.com/q/5c48c817-77e3-4f85-bd41-b5ef717ca95b/ https://minutesof.com/q/5c48c817-77e3-4f85-bd41-b5ef717ca95b/ “average users, which we estimate is twice the amount Google had at the time of its And if you look at the multiple of the business, if you believe 10,000,000,000 next year it's about 15 times the forward revenue, which is about the multiple of Google and Meta at the time of their IPO.” — Brad Gerstner, BG2 Pod Sun, 13 Oct 2024 10:30:00 +0000 openai https://minutesof.com/q/30a597fe-2d94-4004-be8e-d971422d7cda/ https://minutesof.com/q/30a597fe-2d94-4004-be8e-d971422d7cda/ “Reports are that they'll do 5,000,000,000 ish of revenue or run rate revenue this year, maybe going to 10,000,000,000 next year.” — Brad Gerstner, BG2 Pod Sun, 13 Oct 2024 10:30:00 +0000 openai https://minutesof.com/q/7b43ac1e-7f41-457a-a57e-250bea958042/ https://minutesof.com/q/7b43ac1e-7f41-457a-a57e-250bea958042/ “there's no fucking way you can pay for the scale of clusters that are being planned to be built next year for OpenAI until unless they raise, like, 50 to $100,000,000,000, which I think they will raise that, like, end of this year, early next year.” — Dylan Patel, Dwarkesh Patel Wed, 02 Oct 2024 14:59:36 +0000 openai https://minutesof.com/q/fb831a44-ddf5-4c82-9e85-d209a6316700/ https://minutesof.com/q/fb831a44-ddf5-4c82-9e85-d209a6316700/ “three hundred to, like, seven 500,000, let's say, but those GPUs are two to three x faster, right, versus the 100 k cluster.” — Dylan Patel, Dwarkesh Patel Wed, 02 Oct 2024 14:59:36 +0000 openai https://minutesof.com/q/5492cf90-3909-4724-b977-ca95780911b3/ https://minutesof.com/q/5492cf90-3909-4724-b977-ca95780911b3/ “Next year, 300 to 500,000 depending on whether it's one side or many. Right? 300 to, like, 700,000, I think, is the upper bound of that.” — Dylan Patel, Dwarkesh Patel Wed, 02 Oct 2024 14:59:36 +0000 openai https://minutesof.com/q/9c88df4d-4d27-4ba8-9f09-e66cb257c9e7/ https://minutesof.com/q/9c88df4d-4d27-4ba8-9f09-e66cb257c9e7/ “Microsoft slash OpenAI slash their partners for them. And then and then potentially even more, 500 k GB two hundreds, right, is a gigawatt. Right? And that's, like, online next year.” — Dylan Patel, Dwarkesh Patel Wed, 02 Oct 2024 14:59:36 +0000 openai https://minutesof.com/q/1f8a7996-6ead-45e9-9649-8e8c27acd7c8/ https://minutesof.com/q/1f8a7996-6ead-45e9-9649-8e8c27acd7c8/ “If that trajectory were to continue, right, that'd give you like roughly $10,000,000,000 next year. And the round's rumored to be at $150,000,000,000 so that's about 15 times forward revenue.” — Brad Gerstner, BG2 Pod Wed, 25 Sep 2024 16:21:38 +0000 openai https://minutesof.com/q/47b39a4c-1e89-481a-8489-4d372d16ccee/ https://minutesof.com/q/47b39a4c-1e89-481a-8489-4d372d16ccee/ “He seems to have remarkable touch in Washington and access, which, you know, regulation appears to be coming at us fast and furious.” — Bill Gurley, BG2 Pod Wed, 25 Sep 2024 16:21:38 +0000 openai https://minutesof.com/q/0d63766e-8ba9-4b83-b3f3-6415b1638081/ https://minutesof.com/q/0d63766e-8ba9-4b83-b3f3-6415b1638081/ “I don't think we're seeing the metrics, you know, from ChatGPT and even SearchGPT that are going to lead to the breakout needed to get to that billion users.” — Brad Gerstner, BG2 Pod Fri, 09 Aug 2024 00:27:40 +0000 openai https://minutesof.com/q/d113f877-1953-4dfc-8201-c42774245901/ https://minutesof.com/q/d113f877-1953-4dfc-8201-c42774245901/ “And now you've got people, you know, trying to project income statements and balance sheets of these companies and they're speculating about whether they might need to raise again or not.” — Bill Gurley, BG2 Pod Fri, 09 Aug 2024 00:27:40 +0000 openai https://minutesof.com/q/cdc3137b-46bc-4f2f-b806-0027eff1d1ce/ https://minutesof.com/q/cdc3137b-46bc-4f2f-b806-0027eff1d1ce/ “But at twelve months, the retention even in OpenAI is like 35%. So I doubt that anyone that is looking at that even at 2,000,000,000 feels great about that as a durable business model.” — Brad Gerstner, BG2 Pod Thu, 25 Jul 2024 14:00:00 +0000 openai https://minutesof.com/q/cdc3137b-46bc-4f2f-b806-0027eff1d1ce/ https://minutesof.com/q/cdc3137b-46bc-4f2f-b806-0027eff1d1ce/ “But at twelve months, the retention even in OpenAI is like 35%. So I doubt that anyone that is looking at that even at 2,000,000,000 feels great about that as a durable business model.” — Brad Gerstner, BG2 Pod Thu, 25 Jul 2024 14:00:00 +0000 openai https://minutesof.com/q/95315ca6-40fe-46c4-a341-afb87b579103/ https://minutesof.com/q/95315ca6-40fe-46c4-a341-afb87b579103/ “And and I playing around with credit card data, I think OpenAI is about 2,000,000,000, Anthropix about a 100,000,000, and Perplexity is at like 25,000,000. Yeah. Just I'm guessing” — Brad Gerstner, BG2 Pod Thu, 25 Jul 2024 14:00:00 +0000 openai https://minutesof.com/q/95315ca6-40fe-46c4-a341-afb87b579103/ https://minutesof.com/q/95315ca6-40fe-46c4-a341-afb87b579103/ “And and I playing around with credit card data, I think OpenAI is about 2,000,000,000, Anthropix about a 100,000,000, and Perplexity is at like 25,000,000. Yeah. Just I'm guessing” — Brad Gerstner, BG2 Pod Thu, 25 Jul 2024 14:00:00 +0000 openai https://minutesof.com/q/250854f5-f93f-4259-a16a-85e6841f5cf6/ https://minutesof.com/q/250854f5-f93f-4259-a16a-85e6841f5cf6/ “At least for the cohorts that are old enough, the churn's about 65% annually. So they're only 35% retaining, which Sax had hinted at on all in.” — Brad Gerstner, BG2 Pod Sat, 22 Jun 2024 17:50:33 +0000 openai https://minutesof.com/q/edee5ce6-f851-4261-8b67-186bd741c93c/ https://minutesof.com/q/edee5ce6-f851-4261-8b67-186bd741c93c/ “It would imply that there are about 2.1 of the three four is the consumer business” — Brad Gerstner, BG2 Pod Sat, 22 Jun 2024 17:50:33 +0000 openai https://minutesof.com/q/feb8b7d0-6491-492f-8ca6-ecdcc0b6bebc/ https://minutesof.com/q/feb8b7d0-6491-492f-8ca6-ecdcc0b6bebc/ “To execute the way they have. True. Okay? Like, I got faster than any other company I've ever seen delivering great products in the market.” — Bill Gurley, BG2 Pod Sat, 22 Jun 2024 17:50:33 +0000 openai https://minutesof.com/q/ccd2dc2d-6afd-4b1d-bbe1-89a0c177ae35/ https://minutesof.com/q/ccd2dc2d-6afd-4b1d-bbe1-89a0c177ae35/ “I think there is a lot of worry about, you know, if Microsoft has access to OpenAI and Amazon doesn't, is that going to put them at a disadvantage if open AI is a runaway winner?” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 17:21:48 +0000 openai https://minutesof.com/q/ccd2dc2d-6afd-4b1d-bbe1-89a0c177ae35/ https://minutesof.com/q/ccd2dc2d-6afd-4b1d-bbe1-89a0c177ae35/ “I think there is a lot of worry about, you know, if Microsoft has access to OpenAI and Amazon doesn't, is that going to put them at a disadvantage if open AI is a runaway winner?” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 17:21:48 +0000 openai https://minutesof.com/q/9a857d55-bbd4-4f3d-a5e3-41ebd1d837a9/ https://minutesof.com/q/9a857d55-bbd4-4f3d-a5e3-41ebd1d837a9/ “I suspect that the integration going on with OpenAI is deeper than what we heard about yesterday. Right? So I don't know that this is going to be everybody playing equal.” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 16:52:46 +0000 openai https://minutesof.com/q/9a857d55-bbd4-4f3d-a5e3-41ebd1d837a9/ https://minutesof.com/q/9a857d55-bbd4-4f3d-a5e3-41ebd1d837a9/ “I suspect that the integration going on with OpenAI is deeper than what we heard about yesterday. Right? So I don't know that this is going to be everybody playing equal.” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 16:52:46 +0000 openai https://minutesof.com/q/c2f9d545-8281-4e09-b16c-ee9b76e58258/ https://minutesof.com/q/c2f9d545-8281-4e09-b16c-ee9b76e58258/ “I was talking to a large data company this week who's in the business of serving models, they were lamenting the fact that the pricing umbrella was set by OpenAI and there is no price, right? So that it's a much lower margin business than the traditional software business.” — Brad Gerstner, BG2 Pod Thu, 16 May 2024 19:31:21 +0000 openai https://minutesof.com/q/c2f9d545-8281-4e09-b16c-ee9b76e58258/ https://minutesof.com/q/c2f9d545-8281-4e09-b16c-ee9b76e58258/ “I was talking to a large data company this week who's in the business of serving models, they were lamenting the fact that the pricing umbrella was set by OpenAI and there is no price, right? So that it's a much lower margin business than the traditional software business.” — Brad Gerstner, BG2 Pod Thu, 16 May 2024 19:31:21 +0000 openai https://minutesof.com/q/d85290fd-7fe1-4754-b22a-3652d806253c/ https://minutesof.com/q/d85290fd-7fe1-4754-b22a-3652d806253c/ “I think, Perplexity claiming they're going to have an ad portion and OpenAI hinting at that, at least for the time being, I think the $20 concept is gone.” — Bill Gurley, BG2 Pod Mon, 29 Apr 2024 21:09:39 +0000 openai https://minutesof.com/q/69e99490-3061-434b-a68c-846f3bb5b2fb/ https://minutesof.com/q/69e99490-3061-434b-a68c-846f3bb5b2fb/ “They're gonna have models which are every bit as good, you know, in the near term as chat GPT four and four point five turbo, etcetera.” — Brad Gerstner, CNBC Television Fri, 02 Feb 2024 18:54:25 +0000 openai https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ “A year ago, I was concerned and some others were whether or not Microsoft's early lead because of their partnership with OpenAI would cause a bunch of customers to leave Amazon and go to Azure in order to take advantage of the benefits of OpenAI.” — Brad Gerstner, CNBC Television Fri, 02 Feb 2024 18:54:25 +0000 openai https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ “A year ago, I was concerned and some others were whether or not Microsoft's early lead because of their partnership with OpenAI would cause a bunch of customers to leave Amazon and go to Azure in order to take advantage of the benefits of OpenAI.” — Brad Gerstner, CNBC Television Fri, 02 Feb 2024 18:54:25 +0000 openai https://minutesof.com/q/8602d0e8-4864-49c2-a2ce-2265188f252b/ https://minutesof.com/q/8602d0e8-4864-49c2-a2ce-2265188f252b/ “OpenAI doesn't exist today if that's patented and controlled. There's it just doesn't, which is another irony around this open source argument because they've been infringed from massively from a major but the idea of being shared, and this is also why I'm such a massive open source proponent” — Bill Gurley, BG2 Pod Thu, 25 Jan 2024 16:07:19 +0000 openai https://minutesof.com/q/b47e707a-e32b-4860-92f0-4c9a501a4ffd/ https://minutesof.com/q/b47e707a-e32b-4860-92f0-4c9a501a4ffd/ “OpenAI doesn't exist today if that's patented and controlled. It just doesn't, which is another irony around this open source argument because they've benefited massively from a major, but the idea of being shared, and this is also why I'm such a massive open source proponent because I think it's so relevant to prosperity for the masses.” — Bill Gurley, Bg2 Pod Thu, 25 Jan 2024 16:05:50 +0000 openai https://minutesof.com/q/c1488c72-704b-4ab7-9ccd-7fd6582ce89a/ https://minutesof.com/q/c1488c72-704b-4ab7-9ccd-7fd6582ce89a/ “And after GPT-five releases, if he goes to the market and says like, Hey, I want to raise $100,000,000,000 at $500,000,000,000 valuation, I'm sure the market would give it to him.” — Dylan Patel, Latent Space Tue, 05 Dec 2023 18:16:28 +0000 openai https://minutesof.com/q/a3b1ab28-1d05-4f90-a32c-98993e072930/ https://minutesof.com/q/a3b1ab28-1d05-4f90-a32c-98993e072930/ “But, like, the the level of the value that they deliver to the world, if you talk to anyone there, they truly believe it'll be tens of trillions if not hundreds of trillions of dollars.” — Dylan Patel, Latent Space Tue, 05 Dec 2023 18:16:28 +0000 openai https://minutesof.com/q/09b1d877-5ab8-4501-a5dd-1f5be2d74cac/ https://minutesof.com/q/09b1d877-5ab8-4501-a5dd-1f5be2d74cac/ “whole point was that Google you know, OpenAI, who everyone would be like, oh, yeah. They have more GPUs than anyone else. Right? But they have a lot less flops than Google.” — Dylan Patel, Latent Space Tue, 05 Dec 2023 18:16:28 +0000 openai https://minutesof.com/q/697e5c02-faa7-4c9b-aff9-98b36ecbf1ff/ https://minutesof.com/q/697e5c02-faa7-4c9b-aff9-98b36ecbf1ff/ “I can then plot a distribution of likely outcomes. How many companies have ever in the history of Silicon Valley been worth durably more than $100,000,000,000” — Brad Gerstner, Elad Gil Thu, 09 Nov 2023 16:27:02 +0000 openai https://minutesof.com/q/e6c21217-8fa5-4d12-9b00-0660d8d1ccd3/ https://minutesof.com/q/e6c21217-8fa5-4d12-9b00-0660d8d1ccd3/ “And to relinquish that spot by letting OpenAI go first, when you had the technology, you had the supercompute, you had the capabilities to release that product, I think was a mistake.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 22:00:34 +0000 openai https://minutesof.com/q/e6c21217-8fa5-4d12-9b00-0660d8d1ccd3/ https://minutesof.com/q/e6c21217-8fa5-4d12-9b00-0660d8d1ccd3/ “And to relinquish that spot by letting OpenAI go first, when you had the technology, you had the supercompute, you had the capabilities to release that product, I think was a mistake.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 22:00:34 +0000 openai https://minutesof.com/q/62a6fd8a-3781-437f-9bc6-b2803fbd1db8/ https://minutesof.com/q/62a6fd8a-3781-437f-9bc6-b2803fbd1db8/ “Do you bard or do you chat GPT? GPT has become the default verb for all things AI.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 22:00:34 +0000 openai https://minutesof.com/q/c652313a-93c1-4d0c-bdfb-37d58f79b57a/ https://minutesof.com/q/c652313a-93c1-4d0c-bdfb-37d58f79b57a/ “OpenAI at $90,000,000,000 may be ahead of itself just like we saw stocks get ahead of themselves in 2021, but it doesn't mean that AI itself is is not gonna be profound.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:10:17 +0000 openai https://minutesof.com/q/c652313a-93c1-4d0c-bdfb-37d58f79b57a/ https://minutesof.com/q/c652313a-93c1-4d0c-bdfb-37d58f79b57a/ “OpenAI at $90,000,000,000 may be ahead of itself just like we saw stocks get ahead of themselves in 2021, but it doesn't mean that AI itself is is not gonna be profound.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:10:17 +0000 openai https://minutesof.com/q/c6c852c0-882a-4483-a6da-1c564e61d18b/ https://minutesof.com/q/c6c852c0-882a-4483-a6da-1c564e61d18b/ “what was their motivation to take such a dilutive round, know, the 10,000,000,000 at what was the valuation at 30?” — Brad Gerstner, All-In Podcast Fri, 03 Mar 2023 18:43:00 +0000 openai