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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: National Association Member FDIC.

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Speaker 2: Is open AI in trouble.

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Speaker 3: I was one of the first ones screaming this, but

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Speaker 3: with this lawsuit and the paper trail that has been

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Speaker 3: left there, it doesn't mean that the company is dead.

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Speaker 3: I'm not saying that because I've been a big fan

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Speaker 3: of open Ai, but even shots to Calcanus, Jason also

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Speaker 3: has championed my statement that I made last year on

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Speaker 3: the show is that if you're a developer, be careful

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Speaker 3: of the ip that you've put on chat GPT because

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Speaker 3: now in Silicon Valley there are some companies who are

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Speaker 3: saying that they've uploaded some proprietary information and now that

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Speaker 3: information that's coming out in product form inside of open Ai.

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Speaker 3: So Elon may not win every battle per se, but

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Speaker 3: in terms of war, he's pretty good. And the sentiment

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Speaker 3: on SAM is changing rapidly, so much so that Microsoft

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Speaker 3: is moving the Azure customers to another large language model provider.

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Speaker 4: So I think.

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Speaker 3: When Brad Gersner woke up that story and had the

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Speaker 3: interview with him and he was flippant in the answer

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Speaker 3: about the revenue, that was that caused a lot of

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Speaker 3: damage in the market.

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Speaker 4: And for that company, they have to and get this done.

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Speaker 3: And he needs management, crisis management like no other right

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Speaker 3: now because this can destroy some of the valuation of

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Speaker 3: the company. But Microsoft, from what I'm told inside the headquarters,

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Speaker 3: that's not very happy with the investment over him right now.

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Speaker 1: There are reasons for the concern. I think obviously, you know,

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Speaker 1: they had a pretty good year. They brought in twenty billion,

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Speaker 1: but they've spent so much more. I think people need

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Speaker 1: to understand that open Ai is not a profitable company

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Speaker 1: present day right not profitable. I think what caused a

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Speaker 1: stir this or last week was the idea of them

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Speaker 1: now adding ads to the platform.

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Speaker 2: But why would you add?

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Speaker 1: Right, they were adamant about like that was not something

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Speaker 1: that they wanted to do, and now they've had to

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Speaker 1: reverse course.

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Speaker 2: Well why do you take on ads?

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Speaker 1: Well, you need revenue, You need the money, like we

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Speaker 1: need money, and you have millions, like eight hundred people,

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Speaker 1: eight hundred million people using it or nine hundred million

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Speaker 1: people using it low tiers high. You need to bring

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Speaker 1: in some capital because the overspending. Right, at some point

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Speaker 1: that check has to be cash, right, like the The

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Speaker 1: problem with that is that the competition has a TV.

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Speaker 2: It's here.

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Speaker 1: So the second that they say that they're going to

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Speaker 1: now add adds to the platform, what did Google do

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Speaker 1: with Gemini? They said, look, nah, man, we're never going

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Speaker 1: to do that because that's not the only thing that

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Speaker 1: they rely on.

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Speaker 2: And so the competition is here.

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Speaker 1: So when you look at that, the competition anthropic is

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Speaker 1: about to go public.

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Speaker 2: I know, they just try to raise the evaluation for

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Speaker 2: that as well.

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Speaker 1: You got to look for who's your support and so

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Speaker 1: the comp for them is Google for sure, meta anthropic, right,

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Speaker 1: but they support even though you just talked about Microsoft

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Speaker 1: is still a supporter. It's it's more advantageous for them to.

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Speaker 2: Want open Ai to do well.

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Speaker 1: At the deal structure, they still have Oracle, right, they

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Speaker 1: and they're kind of like in this thing together. But

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Speaker 1: we know that Larry Ellison is willing to do things

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Speaker 1: and we saw that recently with the Netflix Warner Brothers

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Speaker 1: deal and go above and beyond to make sure that

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Speaker 1: his investment works. Soft Bank is still a supporter, and

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Speaker 1: Video is a supporter. AMD is a supporter, ye Broadcom

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Speaker 1: as a partner, so they have a strong base of

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Speaker 1: partnerships and support that won't, in my opinion, won't allow

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Speaker 1: it to fail. But they got to start making some

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Speaker 1: money and so the add thing and doing it quickly.

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Speaker 1: In fact, they're saying that based on the bottom line now,

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Speaker 1: profitability doesn't look likely till twenty twenty nine minimum.

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Speaker 2: Right, that's three more years.

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Speaker 1: So now, how do you get this expenditure of when

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Speaker 1: we talked about the five hundred billion dollar investment and stargate, right,

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Speaker 1: how do we get this investment inside of AMD can

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Speaker 1: be profitable? How does the Broadcom thing make sense? They

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Speaker 1: got to figure this out and figure it out quickly

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Speaker 1: because it's not slowing down, and that Anthropic is not

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Speaker 1: slowing down, and I was even dropped xai is not slowing.

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Speaker 4: Down, that's slowing down at all.

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Speaker 3: Nope, Gemini added eight million users in the last year

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Speaker 3: when they were behind initially, and like I said, Microsoft

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Speaker 3: became one of Anthropics' top customers on pace to spend

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Speaker 3: nearly five hundred million dollars a year for Anthropic AI

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Speaker 3: to power Microsoft products. They can still invest and own

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Speaker 3: forty nine percent of a company, but if you have

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Speaker 3: an erratic leader, you're going to say, let me hedge

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Speaker 3: my bet and invest somewhere else so that the deliverability

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Speaker 3: and the quality of the AI is hired for the customers.

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Speaker 3: And as soon as they go public, we'll take our

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Speaker 3: cash coffers, and then we'll go invest in another company

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Speaker 3: again and leave you out to be on your own.

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Speaker 4: You can't have an a radic leader. That's a theft.

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Speaker 3: And also on top of that, that report of that

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Speaker 3: suicide and that and that engineer being killed.

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Speaker 4: Some of this shit is coming back on you. It's

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Speaker 4: too many. It's too many.

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Speaker 3: Rumblings in San fran about this was clearly stolen from

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Speaker 3: Elon just the it was nonprofit and you converted a

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Speaker 3: for profit and then moved him out. He stopped the

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Speaker 3: Kademene used, he's awake. Now you gotta you have a

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Speaker 3: real lawsuit to fight. Everyone wants to walk away, and

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Speaker 3: Google and anthrotopic are going to be some of the

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Speaker 3: biggest beneficiaries of So it goes back to you can't

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Speaker 3: have an emotional, erratic man leading a company of that magnitude.

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Speaker 4: You can't trust him.

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Speaker 1: And it's the idea of it being in debt is not.

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Speaker 1: I mean you feel like you hear that investment world

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Speaker 1: all the time, especially with startups. The issue is the

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Speaker 1: scale of the debt. It usually is not in the

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Speaker 1: hundreds of billions, and that they were.

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Speaker 4: Action for bail that's for a bailout before they went public.

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Speaker 2: What's another round?

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Speaker 1: The probably now when you raise another round, when people

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Speaker 1: see that the competitors have caught.

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Speaker 2: Up to you, what's yeah, they got to figure something out, earners,

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