In a recent episode of the “Uncapped” podcast, Vince Hankes from Thrive Capital shared insights on the competitive landscape surrounding OpenAI, stating that major tech companies are uniting against it. He likened the situation to OpenAI being in a corner with “bazookas” aimed at it, indicative of Big Tech’s resistance to new entrants disrupting their dominance. Hankes emphasized the importance of a competitive environment for innovation, referring to the “Mag Seven” companies: Apple, Microsoft, Amazon, Alphabet, Meta, Tesla, and Nvidia. Despite significant investments in OpenAI, Thrive Capital remains open to diversifying its portfolio, recognizing the risk-adjusted returns presented by the AI leader. Recently, OpenAI announced a multi-year collaboration with AMD and debuted its app software development kit, aiming to enhance ChatGPT’s functionality and potentially rival industry giants like Apple and Google. As OpenAI progresses, its innovations could significantly impact the tech landscape, raising competition concerns among established firms.
Source link
Share
Read more