OpenAI

At the surface, our testing of Apps in ChatGPT showed how little value these integrations provide today. That said, our testing largely misses the point. What’s most important is that today some of the biggest tech companies, including Google, Microsoft, Apple, Salesforce and Adobe, are enabling ChatGPT to be the front end of some of their app experiences. That’s an impressive endorsement, especially considering many of them have their own LLMs that compete with GPT. This paves the way for OpenAI to make good on its prediction that it will become the platform that runs vertical AI applications.

The WSJ reported that OpenAI is looking to raise $100B at a $830B post-money valuation by the end of March 2026. Despite the hype, there is a sound case that OpenAI is attractively valued at the new valuation and we believe it could realistically double or triple in value over the next few years.

One nagging question around AI is what the long-term business models will look like and whether these companies will be able to charge enough to become profitable. We looked at the ten most popular paid consumer subscription apps to get a better sense of historical pricing power. On average, their prices have increased 1.7% faster per year than the rate of inflation. The bottom line: this is good news for ChatGPT, Grok, Gemini, Claude and Perplexity, because it shows that if you get consumers hooked, you can gradually start raising prices.

OpenAI announced Atlas, their first browser. The product is built on familiar tabs, which will make it inviting to Chrome users, and delivers a step-function improvement in functionality, with better personalization and agents. While there was no mention of monetizing search, the long-term impact of OpenAI on Google’s cash cow remains an open question. In the end, Atlas sets a new bar, one that Google will likely be able to meet, which is central to maintaining and growing their search business.

Every now and again, innovators share a behind-the-scenes look at their work. Sometimes these breadcrumbs lead us down a dead end; sometimes, however, they lead us down a path of transformation and revolution, a permanent path that forever changes the…

Jony Ive and Sam Altman are making a bold attempt to create an AI-native, screenless computing product lineup that could change how we interact with technology. Ive appears motivated in part to reverse screen addiction and envisions a family of ambient computing devices that fade into the background while putting advanced intelligence everywhere. If successful, the products collectively could equal a few hundred million units a year, compared to the iPhone at just over 200m. Apple’s core business will likely not be threatened, given Ive's vision appears to sit alongside of and beyond the Mac and the iPhone. And any success he might have will likely motivate Apple to enter the space. Google faces more disruption if AI-centric gadgets divert users from the screens they use for Google searches today.