Big Technology Podcast OpenAI's Financials Revealed, Tesla Robotaxi Debut, Shein's Weird CEO
8 snips
Oct 11, 2024 
Corey Weinberg, a notable reporter at The Information, joins regular contributor Ranjan Roy for an engaging discussion. They dive into the shocking financials of OpenAI, predicting massive losses despite its ChatGPT revenue plans. The duo also critiques Tesla’s recent RoboTaxi event, weighing hype against reality. Ranjan shares his personal experience with Snapchat's spectacles, and they explore the peculiarities of Shein's CEO, raising questions about the company’s operations. Finally, they tackle TikTok's troubling revelations regarding teen wellbeing.
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ChatGPT-Driven Revenue
- OpenAI projects massive losses, but also a 100-fold revenue increase by 2029, primarily from ChatGPT.
- This contradicts expectations that API usage would drive revenue, suggesting OpenAI sees ChatGPT as its core product.
OpenAI's Google-Like Strategy
- OpenAI's revenue model, prioritizing consumer-facing ChatGPT, resembles Google's strategy.
- Google built a killer consumer product, then expanded to advertising and enterprise services.
Strategic Investments in OpenAI
- OpenAI's substantial fundraising success may be influenced by strategic partnerships rather than solely financial rationale.
- Investors like Thrive Capital have close ties with Sam Altman and OpenAI, blurring the lines between investment and strategic alliance.