E48: Facebook vs MySpace, Why Peter Thiel is Wrong About Competition, and OpenAI Corporate Structure

"The Riff" with Byrne Hobart and Erik Torenberg

This week, Byrne Hobart and Erik Torenberg dive into a range of fascinating topics such as the evolution and future of OpenAI's business model, economic rationale behind corporate buybacks, changing software economics, China's recent equity market surge and more.

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🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.

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LINKS:

Byrne’s writing: https://thediff.co

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X / TWITTER:

https://twitter.com/ByrneHobart (Byrne)

https://twitter.com/TurpentineMedia (Turpentine)

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TIMESTAMPS:

(00:00) Intro

(00:20) Role of competition in tech

(03:57) ByteDance and the music streaming market

(08:15) OpenAI's business model evolution

(19:05) Sponsor: Brave

(20:07) Future of OpenAI and AI regulation

(27:56) Understanding interest rates and treasury bonds

(30:58) Corporate buybacks

(37:05) Software economics and growth strategies

(45:38) China's economic strategies and market impact

(50:49) Predicting market movements with headlines

(54:15) Wrap