Actually · Will Media

I consiglieri TECH di TRUMP: la SILICON VALLEY ora è ancora più INFLUENTE?

·49 min·3 clips

OpenAI is growing revenue four times faster than Alphabet and Meta did in their fastest years — hitting $2 billion per month in 2025 after reaching $1 billion in its first year.

1. 'Actually' covers three technology-finance stories: OpenAI's $122B funding round, SpaceX's IPO filing, and Trump's PCAST technology advisory committee. 2. The episode is a co-hosted discussion between two Italian journalists/commentators with recurring roles; one frames regulatory and policy issues while the other takes a more industry-positive view. 3. The core tension is a debate about whether the PCAST — a presidential tech advisory council composed almost entirely of industry CEOs — represents regulatory capture or pragmatic industrial policy in the US-China competition. 4. OpenAI's round metrics, read directly from the company's blog post: fastest platform to 10M and 100M users; revenue grew from $1B in year one to $1B per quarter by end of 2024 to $2B per month in 2025; growing 4x faster than Alphabet and Meta at comparable stages. 5. GPT has 900 million weekly active users, 50 million subscribers, six times the web traffic of Anthropic (the second-largest AI app), and four times the total usage time of all other AI apps combined. 6. The round's investor mix includes Nvidia, Amazon, and large financial funds; $3B of the round came from individual investors via private banking channels — the first time OpenAI opened to retail investors. 7. Bloomberg columnist Matt Levine is cited arguing that private markets have become the new public markets: companies can now raise more capital privately than through an IPO, which structurally changes the incentives for listing. 8. SpaceX's IPO targets $75B at a $1.75 trillion valuation, while OpenAI raised $122B privately at $850B — illustrating Levine's point that private access now provides more capital than public listing. 9. A Bloomberg secondary market report is cited: OpenAI shares are declining on the secondary market, and some investors trying to sell cannot find buyers — paradoxically, while demand to enter the primary round was oversubscribed by 20%. 10. The PCAST member list: David Sachs and Michael Kratsios as directors; Marc Andreessen, Sergey Brin, Safra Katz (Oracle CEO), Michael Dell, Larry Ellison (Oracle), Lisa Su (AMD CEO), Jensen Wang (Nvidia CEO), and Mark Zuckerberg. 11. One host applies George Stigler's Nobel Prize-winning regulatory capture theory: advisory bodies composed of industry leaders experience 'cognitive capture,' where the regulator's worldview aligns with private profit motives, not public interest. 12. He connects the theory directly to OpenAI: if the White House's tech advisors are the same people whose companies benefit from light-touch AI regulation, would OpenAI have raised $122B as easily under a heavier regulatory environment? 13. The second host argues that the PCAST's purpose is not scientific but industrial policy: it is a tool for the US-China technology competition, and the people who know best what data centres cost, where bottlenecks are, and what capital allocation looks like are the CEOs, not academic scientists. 14. He frames the committee as analogous to asking for the best people to 'allocate capital in a war' — not Nobel laureates, but operators with skin in the game. 15. The first host counters by arguing that conflating state interests with private interests — even in a geopolitical competition — erodes the foundation of the rule of law and the public-private distinction on which administrative law depends. 16. Both hosts cite Italy as a counterexample: Italy's AI advisory committee includes theologians and ethicists, representing the opposite extreme of having no industry expertise. 17. The OpenAI B2C versus B2B model debate: GPT derives ~75% of revenue from consumers; Anthropic derives ~80% from business/API use; the hosts debate whether the B2B adoption path (learning AI at work, then using it at home) gives Anthropic a structural long-term consumer advantage. 18. The episode includes news briefs: BBC named Matt Brittin (ex-Google president) as Director-General; Intel cut 30,000 employees (18% of workforce) to free $8-10B for AI data centres; Whoop hit a $10B+ valuation after raising $575M; Factanza sold a €5M deal to Italian publisher Zanichelli. 19. Best suited for Italian-speaking professionals interested in AI industry dynamics, tech policy, venture capital, and the geopolitics of the US-China technology competition. 20. Less useful for listeners seeking personal investment advice, content in English, or technical AI research.

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