00:00I want to start with the pushback, right? The metric that was out there from the journal
00:04is that they are not hitting a billion weekly active users on ChatGPT. And in the course of
00:12the conversation you had with Sarah Fryer, she's talking about them hitting the highest levels
00:17that they have and stretch goals. What did you learn from that? Yeah, I think she was talking
00:24in the perspective of the internal revenue targets, which there were also in that report
00:29that OpenAI did not hit some internal revenue monthly goals early this year and some other
00:36revenue targets. And what she said was that, you know, at the highest level, we feel like we're
00:41beating our plan, but how we often get there moves around from period to period, because it's still
00:46a young business that's not perfectly forecastable across every metric. So how I interpreted that
00:52and how she explained the stretch goals was an acknowledgement that internally they may have
00:56not met certain goals, but that overall, she, you know, assured confidence and in them meeting
01:04their revenue targets at a higher level is sort of the direction of how I interpreted her comments.
01:09And Shereen, that confidence with that quote saying we've got a vertical wall of demand.
01:15So it's still the argument that actually it's compute that limits the ability for the company
01:20to grow at perhaps the pace it even could.
01:23Yeah, that's right. So she talked about the fact that she feels they're still very compute
01:27constrained, meaning they want more compute, they're scouring for more compute. Now, we've seen
01:33the Stargate plan shift as we reported a pullback in some sites in Norway and UK. I asked her about
01:40that. And, you know, the response again, was that while the details may change and the types of
01:46compute deals they do, that overall, they want to be able to serve products like Codex or their new
01:51image generation model more broadly. And the compute is still a limiter there to getting more revenue,
01:59essentially.
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