“My most contrarian belief [for 2025]: OpenAI loses its lead, loses its nonprofit-to-for-profit transition, and becomes the number four player in AI.”

Jason CalacanisInvestor

Angel investor, founder of LAUNCH, All-In Podcast co-host

OpenAI completed its restructuring into a public benefit corporation under the OpenAI Foundation in October 2025 — the opposite of 'losing' the for-profit transition — and finished 2025 at roughly a $20B annualized revenue run rate, remaining the largest consumer AI player rather than falling to number four.