EP. 166 · 18.11.2025 · 50:00
HOW OPENAI WINS: BUILD-OUT, PRODUCT AND THE ROAD TO AN IPO
with Sam Altman
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EPISODE BRIEF — EP. 166 · HOW OPENAI WINS: BUILD-OUT, PRODUCT AND THE ROAD TO AN IPO Guest: Sam Altman · Published: 18.11.2025 · Duration: 50:00 【OVERVIEW】 Sam Altman on the commercial logic behind OpenAI's enormous compute commitments: how ChatGPT evolves from chat interface into platform, what the build-out actually has to earn back, and whether a public listing is part of the plan. 【KEY TAKEAWAYS】 1. Where ChatGPT goes next 2. The logic behind the compute build-out 3. Competition, margins and enterprise demand 4. Capital structure and the IPO question 【CHAPTERS】 00:00 — Where ChatGPT goes next 12:00 — The logic behind the compute build-out 28:00 — Competition, margins and enterprise demand 42:00 — Capital structure and the IPO question 【TOPICS】OpenAI · ChatGPT · Compute · Business Strategy · Capital Markets 【WATCH】https://thedaopod.com/episodes/ep-166-sam-altman-how-openai-wins
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THE CONVERSATION
Sam Altman on the commercial logic behind OpenAI's enormous compute commitments: how ChatGPT evolves from chat interface into platform, what the build-out actually has to earn back, and whether a public listing is part of the plan.
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EP. 166 · HOW OPENAI WINS: BUILD-OUT, PRODUCT AND THE ROAD TO AN IPO
Sam Altman on the commercial logic behind OpenAI's enormous compute commitments: how ChatGPT evolves from chat interface into platform, what the build-out actually has to earn back, and whether a public listing is part of the plan.
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GUESTS
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CEO, OpenAI
CEO of OpenAI and former president of Y Combinator, now responsible for one of the largest infrastructure commitments ever made by a private technology company.
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0:00 · Where ChatGPT goes next
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