The Prof G Pod with Scott Galloway Prof G Markets: OpenAI’s $90 Billion Valuation, FTC Takes on Amazon, and The Recession is Coming
18 snips
Oct 2, 2023 
In this discussion, Ed Elson, a savvy media analyst, joins to dissect OpenAI's jaw-dropping $90 billion valuation and Amazon's substantial investment in Anthropic. Together, they delve into the FTC's antitrust case against Amazon, exploring its impact on market competition. The conversation takes a turn as they paint a somber picture of an impending recession, highlighting the struggles of the lower economic brackets amidst rising interest rates and dwindling pandemic savings. It's an engaging blend of market insights and economic forecasts.
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Peak AI Valuation?
- OpenAI's valuation might have peaked, mirroring hype cycles seen in tech.
- AI-driven market cap growth, particularly for Big Five tech companies, suggests a potential downturn.
Content Creators Unite
- Content creators should unite to leverage their IP against generative AI.
- Form a consortium and demand compensation for crawled content, capitalizing on AI's reliance on quality data.
Amazon and Anthropic
- Amazon partnering with Anthropic benefits both, like a late-night pairing.
- Amazon provides processing power; Anthropic offers leadership, similar to oil needing refinement.
