Coatue Pt2. Open AI’s Kevin Weil Dives into All Things ChatGPT | BG2 w/ Bill Gurley & Brad Gerstner

**Bill Gurley** (0:00)
You said, today is the worst product from us you'll use today.

**Kevin Weil** (0:05)
The model that you use today is the worst AI model that you'll ever use for the rest of your life. Yeah.

**Brad Gerstner** (0:23)
Kevin, so on this slide, in five years, as the ninth most valuable company in the world, okay? So $300 billion in enterprise value today is measured by the markets. They have it going to 1.6 trillion. I remember when you joined OpenAI, and I asked you the question, can OpenAI get to a trillion dollars, right, in total value? And you said, that is, if I thought it was just a trillion dollars, I wouldn't be nearly as excited as I am about going to OpenAI. So when you just think about them...

**Kevin Weil** (0:54)
And by the way, less about market cap and more about the ambition and the opportunity and the impact.

**Brad Gerstner** (1:00)
And so that's what I want you to do. Just blue sky for us today. How long have you been at OpenAI now?

**Kevin Weil** (1:05)
About a year.

**Brad Gerstner** (1:06)
Okay. So you're a year into this. A year in, do you think the opportunity is bigger than you thought when you started? And why would you have?

**Bill Gurley** (1:16)
And if so, why do you think so?

**Brad Gerstner** (1:17)
Talk us through that a little bit.

**Kevin Weil** (1:19)
I think it's bigger for sure than I realized. I think it's been in SAMSHAD the whole time. So I'm not sure that there's been a revelation over the past year, but it's certainly opened my eyes.

**Bill Gurley** (1:31)
Right, right, right.

**Kevin Weil** (1:31)
I mean, for one, we have grown faster than anything I've ever seen. Yeah. And I thought I had seen fast growth when I was at Instagram, for example. Yeah.

**Bill Gurley** (1:43)
And for those falling at home on slide 24 in the deck, they show the user growth. And we talked about it earlier, but it's just phenomenal.

**Kevin Weil** (1:52)
Yeah. So and as we've grown, we're also deepening usage with the platform. People are using it more. So just from that perspective, we are, I think, bigger today than I would have imagined was possible a year ago.

**Bill Gurley** (2:05)
Walk people through that. They had a slide on that also. So and you said some comments on stage about as people use it more, the minutes go up.

**Kevin Weil** (2:14)
Yeah. Well, I mean, we look at weekly active users. That's sort of the metric that we goal ourselves by from a growth perspective. Obviously, a lot of other things that we look at as well.
But from a weekly active user, the reason we do that versus monthly is we're actually, we don't want someone that just comes once a month. That means we're probably not adding all that much value in their life if they're coming once a month. Over time, I think it's going to be more natural for us to measure daily active users. Because really, if we're doing our job, then you're using ChatGPT on a daily basis, and hopefully multiple times per day. Because it can help you multiple times per day with all the different things that you encounter in your life. There's sort of the, are you a monthly user, are you a weekly user, a daily user, and then on a given day, how much time are you spending in the product? You guys had a chart, your data, not ours, but that showed that people were using ChatGPT a whole lot more time per day. And that's awesome. That's super exciting. That just means that we're actually helping people solve problems and they're not just using it. You know, like you go back a couple of years when it launched, it was really good at various sorts of writing. If you're going to do copywriting, if you were going to have it summarize emails or things like that. And you look today and it's so much broader. It can help in so many other areas. People are uploading, you know, that actually my own son had a health thing. Had to have a minor surgery, which was not that big of a deal. At least it was not supposed to be that big of a deal. And, but there was a tiny chance that there was something more serious, you know? And so he has the surgery. He's eight, like next day he's playing a soccer game. He doesn't know any better. But then we're still waiting for like the biopsy of this thing to come back. And we end up getting a paper in the mail, a letter in the mail that has a whole bunch of like complex medical stuff on it. I'm like, you know, halfway educated. I couldn't make sense of it. I didn't know what it means. And I called the doctor and I couldn't get a hold of her. She was in a surgery, I think. You know, she's busy. She's got a million things going on. And I'm looking at this and there's a bunch of like scary looking medical terms.