This is crazy. It's a crazy concept. I'm not saying she's crazy. When I'm saying it's a very bold, audacious way of looking at the world.

I would say it's also a little bit narcissistic that you, Lena Kahn, are going to be able to predict future harm.

I know I'm super humble having been in the industry for 25 years and invested in 400 companies. I can tell you that she cannot predict the future nobody can.

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All right, everybody. Some quick news here at the top of the show before I do an interview with Rome, AI, one of our great incubator investments.

OpenAI made a lot of news this week. First, there's news that OpenAI is an advanced talk with Johnny Ipe of Apple fame and Masio Shisan from Softbank to raise a billion dollars to build the iPhone of AI.

I don't know if this would be a form factor of an iPhone if I'm being honest. I would find it very surprising if Johnny I've wanted to come back and just do an iPhone.

I think this will be some very interesting, wearable, and this is the interpretation by the financial times, by the way, who broke the story.

If you don't know, Johnny Ive when he left Apple started a firm called Love From. It's like a design firm. He's done a couple projects. He's obviously a genius and was Steve Jobs is partner in crime.

And so they've had some brainstorming sessions, Sam Altman and Johnny Ive according to the FT. It's very early stages and Masa would lead a billion dollar seed round according to the reporting.

And I think multiple outlets have talked about this. It's unclear if this would be a new company or be an OpenAI project or where this would sit.

It sounds to me like this would be part of the Sam Altman collection of companies and I think they would probably make it its own company.

And then just give it access to OpenAI's stack. But you never know. They could do anything now because in our second story, OpenAI is discussing a secondary share sale.

That would value the company at 80 or 90 billion dollars according to the Wall Street Journal. That's 3X. The valuation from earlier this year, which was 30 billion, which was stunning.

It seems like OpenAI wants to sell a couple of hundred million dollars in shares and that they're on track to do a billion in revenue in 2023. A billion in revenue is a pretty extraordinary because the product costs 20 dollars a month. That's 240 a year.

And if you had a million people using the product, that would be 240 million. If they had four million people paying for accounts, that would be a billion dollars ish.

And so let's just break that down for a second. There's a hundred million people signed up. I think for OpenAI's product, ChatGPT4, if 4% converted, that would be a very large number.

But it is possible that they could be generating something that range. And of course, there's the API. So maybe half their billion dollars in revenue, if that's in fact true, which I wouldn't be it would be shocking, but I wouldn't it wouldn't be unexpected that they were trending towards that because the product is so helpful so many startups are using it.

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