{"id":34642,"date":"2025-10-09T08:11:36","date_gmt":"2025-10-09T08:11:36","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/thrive-capital-partner-says-every-big-tech-company-has-a-bazooka-pointed-at-openai\/"},"modified":"2025-10-09T08:11:36","modified_gmt":"2025-10-09T08:11:36","slug":"thrive-capital-partner-says-every-big-tech-company-has-a-bazooka-pointed-at-openai","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/thrive-capital-partner-says-every-big-tech-company-has-a-bazooka-pointed-at-openai\/","title":{"rendered":"Thrive Capital partner says every Big Tech company has a &#8216;bazooka pointed at&#8217; OpenAI"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/68debd76cc993f9955cf6812?format=jpeg\" alt=\"Sam Altman, CEO OpenAI, photographed in Berlin\"\/><figcaption>Sam Altman, CEO OpenAI, photographed in Berlin<\/p>\n<p>IMAGO\/BMF via Reuters Connect<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>Tech giants fear OpenAI as new competition, said a Thrive Capital partner.<\/li>\n<li>&quot;Because none of those Big Tech companies want a new Big Tech company,&quot; the VC said.<\/li>\n<li>OpenAI&#039;s recent deals and app store move position it closer to its Big Tech rivals.<\/li>\n<\/ul>\n<p>Every tech giant is &quot;ganging up&quot; on OpenAI, said a Thrive Capital partner.<\/p>\n<p>On an episode of the &quot;Uncapped&quot; podcast released on Wednesday, Vince Hankes said Big Tech companies don&#039;t want new players entering their league.<\/p>\n<p>&quot;My mental model for you on how the competitive landscape looks like is: OpenAI is in a corner and every Big Tech company has a bazooka pointed at them to try to take them down,&quot; Hankes said. &quot;Because none of those Big Tech companies want a new Big Tech company.&quot;<\/p>\n<p>Thrive Capital, founded by Josh Kushner in 2011, is a major investor in the ChatGPT maker. The venture capital firm has also invested in companies including SpaceX, Databricks, and Stripe.<\/p>\n<p>&quot;We should want it to be a competitive fair fight for a new company to break into Mag Seven,&quot; Hankes added, referring to Apple, Microsoft, Amazon, Alphabet, Meta, Tesla, and Nvidia. &quot;Because that&#039;s what our whole ecosystem lives and breathes off of.&quot;<\/p>\n<p>This support for OpenAI doesn&#039;t mean the VC firm only plans to invest in the AI giant, Hankes said.<\/p>\n<p>&quot;There isn&#039;t a risk-adjusted better return than OpenAI, and therefore if we&#039;re given a decision, we should do it,&quot; he said about investing more in the company.<\/p>\n<p>&quot;At the same time, you can&#039;t not take a risk because of that,&quot; he added.<\/p>\n<p>Hankes did not immediately respond to a request for comment from Business Insider.<\/p>\n<p>In the past month,a string of deals and announcements has positioned $500 billion OpenAI closer to some of its more established tech competitors.<\/p>\n<p>At its DevDay event on Monday, the company announced it&#039;s bringing apps inside ChatGPT, which CEO Sam Altman said now has 800 million weekly users.<\/p>\n<p>OpenAI also unveiled an app software development kit that allows developers to build their own apps for ChatGPT. This makes the AI tool more like an app store, a move that could threaten industry leaders like Apple and Google. Google investors have already been concerned about ChatGPT and other generative AI tools eating into Google&#039;s search engine share.<\/p>\n<p>On Monday, OpenAI announced a multi-year deal with AMD in which it will deploy chips requiring up to six gigawatts of power.<\/p>\n<p>The agreement came just weeks after Nvidia announced that OpenAI would gain access to 10 gigawatts of high-powered GPUs, alongside a $100 billion investment from the chipmaker.<\/p>\n<p>OpenAI is set to produce its first AI chip in partnership with Broadcom next year.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Altman, CEO OpenAI, photographed in Berlin IMAGO\/BMF via Reuters Connect Tech giants fear OpenAI as new competition, said a Thrive Capital partner. &quot;Because none of those Big Tech companies want a new Big Tech company,&quot; the VC said. OpenAI&#039;s recent deals and app store move position it closer to its Big Tech rivals. Every [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-34642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/34642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=34642"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/34642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/34643"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=34642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=34642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=34642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}