Transcript (en)

I think OpenAI is going to go really heavy in ads because I think they have to because like that's how that's how the data centers pay for themselves. Right. Like, like, you know, Oracle, the big data center contracts with Oracle are with OpenAI. And why is OpenAI so expensive? Because everyone's on ChatGPT and ChatGPT loses money. And how do you make money? You run ads. And so it's like the advertising market. And this hasn't showed up in Google's numbers because OpenAI hasn't been slamming it on ads. And yeah, I believe that basically OpenAI is going to successfully build a very big advertising business, and it's going to turn the market from a one-player market, which is Google on search, into a multiplayer market, and it's going to be terrible for Google.