Chamath Says OpenAI Is Turning Into MySpace

Chamath Palihapitiya just drew a comparison between OpenAI and MySpace. That is not a company you want to be compared to.

All right, first up on the docket, a code red has been called by Sam Altman. He sent a memo on Monday told employees to stop working on side quests, like ads, etc., and focus on the core ChatGPT, the core experience. Make it faster, make it better. And I think we all know why. Because Gemini and Grok and Claude from Anthropic have been crushing it. ChatGPT 5, let's call it what it was, was a bit of a flop. It didn't perform to expectations. We discussed that a couple of weeks ago or months ago. Anthropic is beating OpenAI in enterprise revenue starting this summer. And I talked about how, you know, previous episodes on the streets, I'm seeing more startups want to use Anthropic API and also Google Gemini's API and they don't essentially trust OpenAI to not steal their business. So, it's big changes right now. Here is a chart based on data from July. Most of Anthropic's revenue here is corporate. Most of OpenAI's, as everybody knows, is consumer. And here's another chart. OpenAI's new infrastructure deals versus revenue and this is just for 2025 alone. A lot of deals being made, but competition is fierce. Chamath, your thoughts here on the game on the field. Code red for people who don't know in our industry is when everybody reports to the office and gets focused on one thing and that's apparently what Sam's doing. How do you interpret it?