Summary
Sam Altman, CEO of OpenAI, and Alex Karp, CEO of Palantir, did not answer questions about their companies' financial value. This happened as investors become more interested in how AI companies plan to pay for their growth. Some experts say current ways to measure a company's value might not fit AI businesses.
Key Facts
- Sam Altman, CEO of OpenAI, faced questions about the company’s revenue and spending plans.
- OpenAI plans to spend $1.4 trillion, much more than its $13 billion in revenue.
- Alex Karp, CEO of Palantir, was asked about investor Michael Burry’s decision to bet against Palantir.
- Karp dismissed Burry's actions in a strong manner.
- Some investors question how AI companies will fund their expensive projects.
- Big tech companies like Meta, Oracle, and Alphabet have taken on debt to support AI investments.
- There is growing skepticism among some Wall Street experts about using traditional measures to value AI companies.
- Partnerships and large investments in AI are creating complex scenarios for companies like OpenAI.
