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I feel like I've been hearing this same argument about unicorn startups for fifteen years now: they aren't monetizing yet because it's easier to sell the possib
by senordevnyc 11mo ago
I feel like I've been hearing this same argument about unicorn startups for fifteen years now: they aren't monetizing yet because it's easier to sell the possibility than the reality. There's probably some truth to it, but I think here it misses the mark, because OpenAI is monetizing. They're likely to hit $20 billion in annualized revenue by year's end. I guess maybe he's holding off on ads because then he can say that'll be even bigger?
But honestly...he's not wrong. I think ads in ChatGPT, Gemini, and Claude are going to absolutely dwarf subscription revenue.
- rhubarbtree 11mo agoThe only justifications for OpenAI’s valuation are either (1) AGI round the corner or (2) ads. I don’t think we’re close to AGI, but I do think ChatGPT has the potential to be the most successful ad platform in history. And I think they’ll probably succeed in building it.
- Spacecosmonaut 11mo agoCouldn't Google just do it better though?
- rhubarbtree 11mo agoWon’t Kodak just do digital?
- satvikpendem 11mo agoThe difference is Google is actually leading in AI, so much so that Altman declared a "code red."
- rhubarbtree 11mo agoSam Altman is a very good businessman.
- tedmiston 11mo agohttps://en.wikipedia.org/wiki/False_dilemma https://en.wikipedia.org/wiki/False_dilemma
- rhubarbtree 11mo agoRather than posting a url, care to point out how else you think ChatGPT can earn enough to justify a £500B valuation?