In 2023, Palihapitiya predicted chat AI usage would decay due to narrow use cases, but in 2026, he called ChatGPT an indispensable consumer utility.
THEN · Jul 9, 2023
0:00 / 0:16exact quote · 16.1s
NOW · Mar 27, 2026
0:00 / 0:18exact quote · 18.4s
“there's some pretty useful use cases, but narrow, where these chat interfaces are very useful, and the usage will decay to that Number. And that number is probably a fraction of what the peak was.”
“And by the way, in the pandemic, remember what we saw, the two things that people refused to cancel, Was not your mortgage payment or any car payment. You were willing to go into arrears and into default. The two things that people would, would always keep was the cell phone number one and then electricity number two. ChatGPT will be there.”