00:00 Speaker A
Let’s say the reports are true and OpenAI, Sam Altman says, you know what, I’m going to test these markets in 26. You interested, Sylvia? Or maybe you’re Anthropic or maybe you’re neither.
00:10 Sylvia
I’m actually going to go the opposite way. I’m both. There’s room for all of it. I just I just think that the total addressable market, the the different directions and and, you know, levels of things and sectors and uh processes that AI can touch is just so massive that there’s room for all of these players. And I think that they all have superior, supreme technology. I don’t think it’s going to be a one-take all. Like, there’s a reason there’s the Mag 7, right? There’s room for all of them. So,
00:41 Speaker A
These big AI names, Dan, that’s being talked about potentially. So I got OpenAI, Anthropic, maybe SpaceX. Do you see sort of common themes and trends there? I mean, you got tech as Sylvia says that a lot of folks are very excited by. You all, you know, enormous TAMs. Also though massive costs, questions about profitability. What do you see?
01:07 Dan
Yeah, I mean, I think those are that’s basically the whole conversation, right? I mean it’s, you know, XAI, uh, they have Grok, but, you know, and Grok is a a high-end, you know, uh uh uh uh AI, but you know, it’s going up against OpenAI which was the leader until, I guess, Google dethroned it with Gemini 3. uh, and then you have Claude coming out with more of the enterprise side of things. OpenAI now saying, hey, we we’re we’re going to get back into that space. By the way, we want to play in the enterprise area as well. And it’s interesting because, you know, you look at uh something like an Anthropic and they’ve just been just focused on the enterprise the whole time and it’s seemed to be the route that’s been the most helpful, right? I mean, you know, I’ve said this before but I I use Gemini Pro because we have a work subscription, right? I already subscribe to too many things. I’m not doing that when I can just go to Google instead, right? So I’ll use ChatGPT, I’ll use uh uh Claude, but I don’t want to sign up for another service and you’re going to ask me to pay $20 to do what Google can do, you know, but give me a chart about it. I’m not going to do it. So, I I think, you know, the the enterprise makes more sense to me when it comes to these kinds of of uh uh products. And, you know, I think with Grok’s obviously built into to X or Twitter or whatever. Um, and I really don’t, I’m not really asking Grok what’s going on there, you know, so it’ll, I I assume it’ll be used in a different capacity at some point. But I really think, you know, of the of the three, it feels as though Anthropic just kind of had the the bright idea out of the gate versus, you know, OpenAI which came out and blew people away and then, you know, now it’s kind of, okay, but how are you going to make the money for this trillion-dollar spend that you have?
02:44 Speaker A
On this same theme, Sylvia, I want to get your take because there was a report that dropped today that SpaceX reportedly considering allocating up to 30% of shares to retail investors, right? Routing part of that through Morgan Stanley’s eTrade. So eTrade’s in for this report, but apparently Robinhood and SoFi could get sidelined. Now now do you see that as sort of like, all right, it’s like a shrug your shoulders like that’s just like industry politics, or no, that like could have actual implications for for pricing, for demand?
03:19 Sylvia
Oh, I mean, I I think it definitely brings up some some questions, you know, why isn’t it kind of more widely available, but it it’ll be like a day one thing where there’s a benefit to a certain population and not to the other and you know, I think that becomes like a big topic of conversation. But in terms of the overall demand and availability, I mean, some of these APIs, I think are just going to or IPOs are just going to be epic and there’s going to be so much demand and they’re going to be purchased from every single bank on the street and allocated through different vehicles. And so, in the long run, it probably won’t matter, but probably the most anticipated IPO out there.
