Perplexity worth more than OpenAI by January 1, 2026?
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Dec 31
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The question at hand here is, which is worth more, the infrastructure or the wrapper?

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The more I learn about OpenAI here, the more I'm seeing the "No" side of this. To be honest, I'm a little shocked at the recurring revenue OpenAI has already achieved. My bet here was based on the idea that search is clearly a multi-billion dollar business while "LLMs" are not (yet) clearly that.

My assumption there is wrong. While I'm not convinced the chatbot is the final form factor here, it is clear that OpenAI, with revenue already in the billions and a $40 billion cash infusion, is here to stay.

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