OpenAI CEO Sam Altman says he’s had enough of critics questioning the sustainability of the AI giant’s $13 billion revenue against its $1.4 trillion spending commitments.
In a new interview with Brad Gerstner on the Bg2 Pod, OpenAI chief executive Sam Altman defends the company’s aggressive spending posture and future growth path, arguing that the market continues to underestimate the scale of value creation ahead.
He says the company is generating much more revenue than what headlines suggest and that demand for OpenAI shares is insatiable.
“First of all. We’re doing well more revenue than that. Second of all, Brad, if you want to sell your shares, I’ll find you a buyer. I just, enough. I think there are a lot of people who would love to buy OpenAI shares. I think people who talk with a lot of breathless concern about our compute stuff or whatever, they would be thrilled to buy shares. So I think we could sell your shares or anybody else’s to some of the people who are making the most noise on Twitter about this very quickly.”
Altman takes his argument up a notch, saying doubters are giving him motivation to go public so he can watch OpenAI bears suffer.
“There are not many times that I want to be a public company, but one of the rare times it’s appealing is when those people are writing these ridiculous OpenAI is about to go out of business. I would love to tell them they could just short the stock, and I would love to see them get burned on that.”
Altman says OpenAI’s capital expenditures and rapid model iteration are linked to major product bets, including ambitions to become a leading AI cloud provider and build consumer hardware.
“We do plan for revenue to grow steeply. Revenue is growing steeply. We are taking a forward bet that it’s going to continue to grow and that not only will ChatGPT keep growing, but we will be able to become one of the important AI clouds, that our consumer device business will be a significant and important thing, that AI that can automate science will create huge value.”
But Altman says there’s a chance that his vision may not come to fruition.
“We might screw it up. This is the bet that we’re making, and we’re taking a risk along with that. A certain risk is if we don’t have the compute, we will not be able to generate the revenue or make the models at this kind of scale.”
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