The a16z Show · Monday, August 31, 2026
AI companies like OpenAI and Anthropic have significant control over their revenue streams, which can fluctuate based on decisions about allocating compute power between training and inference. A shift towards more training could drastically reduce current revenue levels.
“So it's meta and Google and these kind of internet companies that were just, it was pretty smooth fundamentally. Even if the stocks were volatile.”
“And how much they allocate between training and inference.”
“And then your revenue just went from 480 to 120. And I think they would do that decision.”