Shahar Cohen (Lucid Capital)👓

NOTES FROM @sama (Sam Altman) KEYNOTE AT MIZUHO TECH CONF: ChatGPT now has 600 M active users, 20 M paying subscribers, and puts OpenAI’s value north of $300 B. Adoption exploded when GPT-3.5 finally made long chats feel natural and accurate—GPT-3 just wasn’t ready. OpenAI isn’t chasing “ChatGPT-17.” It’s one service that quietly levels up—like the iPhone. GPT-4 today already writes, talks, and generates images far better than it did on launch day. The end-game is a personal AI aide that knows your context and helps all day, on any screen or future device. Think “world-class exec team” in your pocket, not just a chatbot. Enterprise pull is huge: workers dragged ChatGPT into the office, so OAI is wiring it to corporate data and planning “virtual employees” to tackle gnarly, compute-heavy jobs. Jobs will shift, not vanish. History shows painful transitions, especially for people who don’t reskill, but society adapts—and AI opens roles we can’t yet name. ChatGPT’s vibe is intentionally calm: black-and-white, ad-free, like texting a friend. That simplicity builds trust and contrasts with the noisy, click-bait web. Competition is relentless—new models pop up daily—but OAI bets the consumer market will crown only a few giants. Its edge: massive user data, compute, and pace. Compute is the bottleneck. Even with the Stargate super-cluster now online (only 10 % built), demand still outruns GPU supply. Long term, AI needs cheap energy. OAI backs solar plus next-gen nuclear; a ChatGPT query uses ~0.34 Wh—like running your oven for one second. Biggest unknown: just how huge the TAM will get. Visit us at @TMTBreakout