“If we allocate more resources and just double down and crush consumer, that's probably three or four trillion of enterprise value. And then if we slowly…”
Chamath stacks OpenAI's consumer business at $3-4T and its enterprise/refocus path at another $2-3T to argue for a $7-9T eventual cap, an absolute-bullish valuation call. The Ventuals vntl:OPENAI perp prices OpenAI's implied valuation directly, so going long expresses exactly that re-rate rather than a relative race against Anthropic.
“Well, I think Google's clearly in the mix. I mean, DeepMind has an outstanding team”
Hyperscalers own 60% of compute; can throttle frontier labs to buy time to catch up
“if it's taking Anthropic, let's say one year to 10 X and it's taking Open AI two years to achieve a 10 X, then it's obvious which one's going to win... if…”
The panel calls the flippening: Anthropic compounds revenue ~10x a year versus OpenAI's 3-4x off the same ~$30B base, and the lead from enterprise coding usage may become insurmountable. Long the Anthropic implied-valuation perp expresses that the relative re-rating keeps running.
“if you look at companies like Bloom Energy, it has gone absolutely straight up vertical nuclear. And the reason is because Bloom has a solution that allows…”
On-site nat gas power lets data centers skip multi-year grid waits and get fast clean-air permits