Ben Thompson: OpenAI could stop model training and remain wildly valuable
Ben Thompson · Ben Thompson from Stratechery on AI ads, the end of SaaS, and the future of media · Feb 12, 2026 · at 6:20
Stratechery founder Ben Thompson discusses applying Aggregation Theory to AI and evaluating the core source of OpenAI's long-term business value.
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“Actually, OpenAI could stop making models and be one of the most valuable companies in the world just because of ChatGPT. That's their most valuable asset.”
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