https://minutesof.com/on/revenue/ Everyone on the record about revenue: 47 verbatim quotes from 7 people, April 2020 to August 2026, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:33:12 +0000 https://minutesof.com/q/2ab1b6da-2401-460b-aa66-1dbfa3d941b8/ https://minutesof.com/q/2ab1b6da-2401-460b-aa66-1dbfa3d941b8/ “With Mexico as the primary destination for drugs leaving Ecuador, it is estimated that cocaine trafficking produces billions in revenue for cartels annually.” — Scott Bessent, Treasury press and remarks revenue https://minutesof.com/q/e06c3440-97f6-494c-88a7-77a755b4e54a/ https://minutesof.com/q/e06c3440-97f6-494c-88a7-77a755b4e54a/ “And and what that now enables them to do is, hey, if I spend $10 on inference capacity, actually generate $50 of revenue,” — Dylan Patel, Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 revenue https://minutesof.com/q/6e3f2d04-6524-4dca-bc2d-340a73646ca2/ https://minutesof.com/q/6e3f2d04-6524-4dca-bc2d-340a73646ca2/ “In the case of Anthropic, the the revenue has gone as high as $50,000,000 per megawatt.” — Dylan Patel, Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 revenue https://minutesof.com/q/3912a3df-fbf6-44ac-85c2-31bd17b03df7/ https://minutesof.com/q/3912a3df-fbf6-44ac-85c2-31bd17b03df7/ “The American people had that money. And if I hear another Democratic legislature say make the inane remark, the American people should get the money.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 22:45:04 +0000 revenue https://minutesof.com/q/8e9a84af-12ea-42d5-9a1a-c08dc006dc29/ https://minutesof.com/q/8e9a84af-12ea-42d5-9a1a-c08dc006dc29/ “I am confident that we will be back to a, the same level, if not higher, of tariff income for last year, and that is most of the increase in the deficit.” — Scott Bessent, Forbes Breaking News Thu, 20 Aug 2026 21:40:21 +0000 revenue https://minutesof.com/q/8f78af91-f8b1-4ea9-9e16-cea83654ac98/ https://minutesof.com/q/8f78af91-f8b1-4ea9-9e16-cea83654ac98/ “I would expect that our 2026 tariff income is gonna be roughly what it was in '25, and we're gonna be able to keep that in terms of the budget consolidation.” — Scott Bessent, CNBC Television Thu, 20 Aug 2026 15:37:26 +0000 revenue https://minutesof.com/q/3598c618-46c5-4911-bda9-726bf23a067e/ https://minutesof.com/q/3598c618-46c5-4911-bda9-726bf23a067e/ “If they bring on anywhere near that, the consensus estimate is 73,000,000,000. That's eight gigs at 50,000,000,000 a gig. And, obviously, that would not all be lit up at the beginning of twenty seven.” — Gavin Baker, Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 revenue https://minutesof.com/q/898427d9-5d8c-40af-9feb-9256d6c3c56e/ https://minutesof.com/q/898427d9-5d8c-40af-9feb-9256d6c3c56e/ “And they're monetizing at something like 50,000,000,000 a gig and consensus estimates for next year are 73,000,000,000. So forget Starlink v three, forget Starlink direct to sell, Grok 4.5 and Cursor.” — Gavin Baker, Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 revenue 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 revenue https://minutesof.com/q/26faf65e-92b5-4630-90c0-444aad1b40ae/ https://minutesof.com/q/26faf65e-92b5-4630-90c0-444aad1b40ae/ “In literally six weeks, they went from not in the game to $27,000,000,000 of AI hyperscaler revenue with big deals Google? With big deals from Anthropic and Google.” — Brad Gerstner, Altimeter Capital Mon, 15 Jun 2026 20:55:26 +0000 revenue https://minutesof.com/q/2fcc4de9-3c7e-4579-9729-0bca59cb7e78/ https://minutesof.com/q/2fcc4de9-3c7e-4579-9729-0bca59cb7e78/ “So I think they would be doing materially more a hundred, one hundred and fifty, maybe 200,000,000,000. So you might be buying it at more like five times unconstrained.” — Gavin Baker, Invest Like the Best Wed, 20 May 2026 08:00:00 +0000 revenue https://minutesof.com/q/eae8cac0-9d21-4f54-97aa-ef5eae6fa378/ https://minutesof.com/q/eae8cac0-9d21-4f54-97aa-ef5eae6fa378/ “code agent revenue has gone from a couple billion to north of 10,000,000,000 in like a very short amount of time. And these, the horizon of these has also increased dramatically,” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 revenue https://minutesof.com/q/8d242968-225b-41c7-86f6-4f27678a4907/ https://minutesof.com/q/8d242968-225b-41c7-86f6-4f27678a4907/ “You're starting to see it with Anthropix revenue adding $67,000,000,000 of ARR a month, but there's so many more firms coming online with revenue streaming in,” — Dylan Patel, CNBC Television Mon, 16 Mar 2026 21:58:55 +0000 revenue https://minutesof.com/q/fe481a98-ee52-4271-a902-5fcb25373eaa/ https://minutesof.com/q/fe481a98-ee52-4271-a902-5fcb25373eaa/ “The sentiment is already more than half Americans have a negative view of AI. As we fast forward to the end of this year, as Anthropix revenue goes from 19,000,000,000 to maybe 60, and OpenAI is similar, if not higher, the amount of jobs that get supplemented, the amount of change that happens in society,” — Dylan Patel, Matthew Berman Mon, 09 Mar 2026 17:07:47 +0000 revenue https://minutesof.com/q/25890617-f219-4daa-b5eb-8e3339b350f0/ https://minutesof.com/q/25890617-f219-4daa-b5eb-8e3339b350f0/ “You look at like quad code spend, right, it's freaking nuts. Right? 19,000,000,000 of revenue for Anthropic now. All of that is, you know, at some multiple is code.” — Dylan Patel, Matthew Berman Mon, 09 Mar 2026 17:07:47 +0000 revenue https://minutesof.com/q/a9df3580-18d1-4ac3-9f9d-afcb758ea6d7/ https://minutesof.com/q/a9df3580-18d1-4ac3-9f9d-afcb758ea6d7/ “Anthropics, you know, adding $23,000,000,000 of revenue a month now Mhmm. Versus they were just adding a few 100,000,000 of revenue a month earlier. So clearly, we're in the take off period.” — Dylan Patel, Latent Space Thu, 26 Feb 2026 21:15:18 +0000 revenue https://minutesof.com/q/170adcfe-f306-42e0-8573-f93458964072/ https://minutesof.com/q/170adcfe-f306-42e0-8573-f93458964072/ “when Anthropic says in their funding, like, hey, we're gonna have $300,000,000,000 of revenue by the end of the decade. And it's like, actually, I think that number's too low.” — Dylan Patel, TBPN Tue, 03 Feb 2026 23:08:03 +0000 revenue 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 revenue https://minutesof.com/q/6e401eb5-6c61-41ac-bac8-c4109c5148f6/ https://minutesof.com/q/6e401eb5-6c61-41ac-bac8-c4109c5148f6/ “then you've gotta earn about a trillion dollars of AI revenue for all of this CapEx to be worth it.” — Brad Gerstner, BG2 Pod Tue, 23 Dec 2025 23:00:00 +0000 revenue https://minutesof.com/q/d6a087d2-b073-4284-9362-983a835fec11/ https://minutesof.com/q/d6a087d2-b073-4284-9362-983a835fec11/ “And they just told us that we should expect a run rate by the end of next year of a $100,000,000,000.” — Brad Gerstner, CNBC Television Tue, 02 Dec 2025 14:15:59 +0000 revenue https://minutesof.com/q/6d4a663f-9ee4-437d-8f84-e6793465fa5d/ https://minutesof.com/q/6d4a663f-9ee4-437d-8f84-e6793465fa5d/ “You know, you've seen NVIDIA add almost $200,000,000,000 of revenue in the last three years. Yeah. Truly extraordinary.” — Brad Gerstner, CNBC Television Tue, 02 Dec 2025 14:15:59 +0000 revenue https://minutesof.com/q/9a2acec1-fa93-4f91-b7b2-610ae8acb9f1/ https://minutesof.com/q/9a2acec1-fa93-4f91-b7b2-610ae8acb9f1/ “And since then we just released the second version, but in the middle, the clouds that ranked the highest actually ended up booking way, way, way more revenue.” — Dylan Patel, Clockwork Fri, 21 Nov 2025 17:18:51 +0000 revenue https://minutesof.com/q/55c2488f-537a-40ff-a8e2-4e757421a05c/ https://minutesof.com/q/55c2488f-537a-40ff-a8e2-4e757421a05c/ “So, these labs are now projecting revenues of 100,000,000,000 in 2728, and they're projecting revenue keeps growing at this rate of like 3x, 2x” — Dylan Patel, Dwarkesh Patel Wed, 12 Nov 2025 17:02:10 +0000 revenue 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 revenue 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 revenue 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 revenue 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 revenue 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 revenue https://minutesof.com/q/f8fc3fd1-9e9d-48ed-aa41-bb5569cee196/ https://minutesof.com/q/f8fc3fd1-9e9d-48ed-aa41-bb5569cee196/ “Now, scaled to be And it has scaled to be multi million dollar Substack revenue. Obviously, built a lot of business beyond that, even that is good enough” — Dylan Patel, Chris Best Substack Fri, 31 Oct 2025 18:23:40 +0000 revenue https://minutesof.com/q/d8aceaf1-06fb-4825-a6b8-e78cf9a4af3d/ https://minutesof.com/q/d8aceaf1-06fb-4825-a6b8-e78cf9a4af3d/ “Now, scaled to be And it has scaled to be multi million dollar Substack revenue.” — Dylan Patel, Chris Best Substack Fri, 31 Oct 2025 18:23:40 +0000 revenue https://minutesof.com/q/d6489a6e-b7ec-492f-b045-b892357854ec/ https://minutesof.com/q/d6489a6e-b7ec-492f-b045-b892357854ec/ “And then I left when we hit a few million of revenue. More and more of the revenue was coming from not Substack. The reason was like, Hey, Substack takes 10%.” — Dylan Patel, Chris Best Substack Fri, 31 Oct 2025 18:23:40 +0000 revenue https://minutesof.com/q/77cdeac6-d89b-4620-b7a3-82e6c9420050/ https://minutesof.com/q/77cdeac6-d89b-4620-b7a3-82e6c9420050/ “It got to a few $100,000 of revenue and I was like, Holy crap. And then I was able to start hiring. And then I left when we hit a few million of revenue.” — Dylan Patel, Chris Best Substack Fri, 31 Oct 2025 18:23:40 +0000 revenue 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 revenue 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 revenue https://minutesof.com/q/fd4fb06b-75b7-4bc1-aa2a-d27a6542f8fd/ https://minutesof.com/q/fd4fb06b-75b7-4bc1-aa2a-d27a6542f8fd/ “the ad revenue in search is about a $200,000,000,000 run rate out of $360,000,000,000 of your total revenue, most of your profits.” — David Friedberg, All-In Podcast Fri, 16 May 2025 05:57:14 +0000 revenue https://minutesof.com/q/747fb093-bb85-4790-90ac-9ac07d98ca82/ https://minutesof.com/q/747fb093-bb85-4790-90ac-9ac07d98ca82/ “the core search business, which the ad revenue in search is about a $200,000,000,000 run rate out of $360,000,000,000 of your total revenue, most of your profits.” — David Friedberg, All-In Podcast Fri, 16 May 2025 05:57:14 +0000 revenue https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ https://minutesof.com/q/bafc0c42-7dd3-4e71-82f8-84a79210e11d/ “I think we're going cut a trillion dollars a year in expense, and then I think we can, through tariffs and other means, we're going to get revenues of a trillion dollars.” — Howard Lutnick, All-In Podcast Thu, 20 Mar 2025 21:46:53 +0000 revenue 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 revenue https://minutesof.com/q/a4b3a77c-7a29-4a65-a714-42b05ddf50c8/ https://minutesof.com/q/a4b3a77c-7a29-4a65-a714-42b05ddf50c8/ “Elon Musk is gonna cut a trillion of waste, fraud, and abuse, and we are gonna earn a trillion dollars of revenue, and we are gonna balance the budget for Donald Trump.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 revenue 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 revenue https://minutesof.com/q/c3e07797-00df-4f95-a71a-e0f1938003fd/ https://minutesof.com/q/c3e07797-00df-4f95-a71a-e0f1938003fd/ “The forecast for Nvidia at that dinner in January 2023 was that you would do 26,000,000,000 of revenue for the year 2023. You did 60,000,000,000, right?” — Brad Gerstner, BG2 Pod Sun, 13 Oct 2024 10:30:00 +0000 revenue 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 revenue 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 revenue https://minutesof.com/q/bf18b9e3-70e1-4349-8cd1-986feb0867c2/ https://minutesof.com/q/bf18b9e3-70e1-4349-8cd1-986feb0867c2/ “ARR stands for annual recurring revenue. And recurring revenue, like a monopoly cable subscription, gets a really high multiple. That's why softwares have gotten high multiples. They're very predictable.” — Brad Gerstner, BG2 Pod Thu, 21 Mar 2024 21:32:49 +0000 revenue https://minutesof.com/q/d4116cc3-3cf5-4bab-b8c8-e208ff849148/ https://minutesof.com/q/d4116cc3-3cf5-4bab-b8c8-e208ff849148/ “I think the company went from 0 to 70,000,000 in revenue in less than eighteen months.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 revenue https://minutesof.com/q/83098a01-2198-4e9a-b875-b25fbc1963e5/ https://minutesof.com/q/83098a01-2198-4e9a-b875-b25fbc1963e5/ “I think the company went from 0 to 70,000,000 in revenue in less than eighteen months. And so you had this vision and excitement about what was possible.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 revenue https://minutesof.com/q/1799ea24-d524-4a99-b335-47db7041dd3c/ https://minutesof.com/q/1799ea24-d524-4a99-b335-47db7041dd3c/ “And I think that is dangerous because in 'eight, 'nine software was seven to 10 of IT spend. And today it's roughly 30% excluding spending on the big cloud hyperscale infrastructures” — Gavin Baker, Invest Like the Best Thu, 02 Apr 2020 09:30:00 +0000 revenue