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Anthropic was literally counted out of the game last year and they've kicked
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OpenAI's ass over the last 90 days. Bam, you have the largest revenue explosion
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in the history of technology. So, you have to ask what's going on and what's
00:00:12
the big so what? The first thing for me is that model and product capability just hit this threshold near AGI,
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whatever the hell you want to call it. And everybody like Altimter said, "Damn,
00:00:22
this is so good. I have to have it. This is no longer about my IT budget. is about labor augmentation and labor
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replacement. Turns out that the TAM for intelligence is radically different than
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anything that we've seen before. And I think the best example of this, right,
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this is millions of self-interested parties, consumers, enterprises, a thousand now over a million dollars.
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Right? It's not that there was some great go to market anthropic that all of
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a sudden, you know, they snuck up and blew everybody away. No, it was companies demanding the product. They're
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getting throttled on the product. Why? Because it's so good. It makes them better at their business. We knew
00:01:01
intelligence was going to scale on the exponential. The question was whether revenue will scale on the exponential.
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And that's what we're seeing. And remember, they're doing this with only 1
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and a half to two gawatts of compute. And the models are only getting better. So I think when you look out toward the
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end of the year, I would not be shocked if you see Anthropic exiting this year at 80 to hundred billion in revenue. No.