OpenAI stands out as a valuable investment in the current AI landscape, particularly when compared to traditional SaaS companies, which generally have lower revenue multiples. Despite the overall AI sector appearing overvalued, OpenAI's potential growth presents a unique opportunity. Practical applications of AI, such as utilizing it as a thought partner for strategic decision-making, indicate its usefulness. By effectively posing critical business questions through AI tools, users can gain insights on potential missed opportunities, demonstrating the technology's value even in its imperfections.
Kara and Scott discuss California governor Gavin Newsom's veto of the AI bill that divided Big Tech, and Trump Media co-founders dumping $100 million worth of stock. Then, JD Vance and Tim Walz face off, Donald Trump's latest comments hit new lows, and is Kamala Harris leaning into crypto? Plus, a peek at OpenAI's financials reveals massive gains, but bigger losses. Will that be a problem for investors? Our Friend of Pivot is Mike Maples Jr., co-founder of the VC firm, Floodgate, and author of the new book, "Pattern Breakers: Why Some Start-Ups Change the Future." Mike talks about what makes for a successful start-up, and shares the story behind one of his biggest misses.
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