What Happens When AI Solves Your Life’s Work

So far, the idea that AI would upend and undermine entire industries hasn't really come to fruition. Certainly, we're seeing how people do pretty much everything change coding is perhaps the most changed, and yet demand for coders seems to be going up. With a new set of mathematics results from OpenAI, however, some are asking: Is this the first field level AI disruption actually happening in practice? The AI Daily Brief is a daily podcast and video about the most important news and discussions in AI. Alright, friends. Quick announcements before we dive in. First of all, thank you to today's sponsors: KPMG, Harbor, Robots and Pencils, Blitzy. To get an ad free version of the show, go to patreon.com/aideallybrief or you can subscribe on Apple Podcasts. And if you want to learn more about sponsoring the show, send us a note at sponsorsaidailybrief dot ai. Uh-oh. Financial figures for the AI industry are being called into question as OpenAI's revenue numbers are revealed to be significantly lower than previously reported. The Financial Times reports that OpenAI has told investors that they hit roughly $50,000,000,000 in annualized revenue at the end of September. That's a big gap from the $68,000,000,000 that was widely reported last month. So was this just missed reporting or something else going on? Well, sources said that the $68,000,000,000 Whisper number came not from OpenAI itself, but from an OpenAI investor. Apparently, what was going on is that that investor was trying to get an apples to apples comparison with Anthropic. Anthropic numbers are always quoted as gross revenue before revenue sharing. In other words, when Anthropic tokens are sold through a third party like Amazon or Microsoft, Anthropic is including that in the total revenue, even though by the terms of their deal, some big chunk of that revenue is going straight to the pockets of those third parties. The logic, I imagine, is to try to provide an overall number of the total expressed demand in the form of anthropic tokens sold. And that is a useful number to know. However, now that these companies are going public, that's not really a convention that's likely to fly in public markets. Meanwhile, OpenAI has, for their part, always used net revenue after those revenue splits. To make matters worse, the Feet noted that the OpenAI investor calculated gross revenue based on a short timeframe. It's unclear whether they extrapolated annualized revenue from a month, a week, or even a day. The news was not all bad here. OpenAI also told investors that they achieved 77% run rate growth in the third quarter and 107% growth in their enterprise business, but even that incredible growth was completely overshadowed by the $20,000,000,000 gap in revenue. In many ways, Wall Street reacted as if OpenAI had missed on revenue during an earnings report. Semiconductor stocks were down significantly after the Feet published their report, with Nvidia down 3%, Oracle down 5.5%, and the long tail of Neo …