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OpenAI Has New Focus (on the IPO)

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Re: OpenAI Has New Focus (on the IPO)

#101

Post by llm_nerd »

CursedSilicon wrote: post #95
llm_nerd wrote: post #91

Earlier quoted context omitted.

>Am I gullible or white knighting? Why do you think these are exclusive choices? You are gullibly white knighting for an obvious troll. Their other reply to you betrays that they're just a noisemaker, and you're dutifully carrying water for them.

Nah. Their reply was far more nuanced than your weird gaslighting of "you don't have your own opinions! You're being trolled by the person you agree with!"

I have no idea what your "opinion" is here. You ran in to defend someone, bizarrely, and you keep yipping about how you're being gaslit. Bizarre stuff.

Wait, maybe you've been an LLM all along!

Anyway, I think I'm done with you, so hope you have a good day. Go back and reply with the alt, after consulting the "slop machine". :)

Re: OpenAI Has New Focus (on the IPO)

#102

Post by CursedSilicon »

llm_nerd wrote: post #101
CursedSilicon wrote: post #95

Earlier quoted context omitted.

Nah. Their reply was far more nuanced than your weird gaslighting of "you don't have your own opinions! You're being trolled by the person you agree with!"

I have no idea what your "opinion" is here. You ran in to defend someone, bizarrely, and you keep yipping about how you're being gaslit. Bizarre stuff. Wait, maybe you've been an LLM all along! Anyway, I think I'm done with you, so hope you have a good day. Go back and reply with the alt, after consulting the "slop machine". :)

Anything to defend your own ego I suppose...

Re: OpenAI Has New Focus (on the IPO)

#103

Post by benterix »

sonink wrote: post #5

From the article: "You can see that in the recent iterations of ChatGPT. It has become such a sycophant, and creates answers and options, that you end up engaging with it. That’s juicing growth. Facebook style." This is something I relalized lately. ChatGPT is juicing growth Facebook style. The last time, I asked it a medical question, it answered the question, but ended the answer with something like "Can I tell you…

Google is doing the same, these managers all use what they know, that is following KPIS like MAUs etc.

Re: OpenAI Has New Focus (on the IPO)

#104

Post by chollida1 »

financetechbro wrote: post #92
chollida1 wrote: post #31

Earlier quoted context omitted.

> There’s a strong chance the IPO window has passed Ha, i'll take the other side of that bet. I'm not sure why you think they couldn't possibly IPO and you don't really specify why in your post. Having been in the capital markets for 20 years, now is one of the better times to IPO and I'd bet that both OpenAI and Anthropic will IPO within 12 months. There are lots of games you can play like releasing a small 10% floa…

I was in the capital markets during the COVID era, focusing on transactions for tech companies. I will take the bet that if OAI tries to IPO it will be WeWork 2.0 x100. Get ready for an even more creative version of “Community adjusted EBITDA” On the real though, I am not sure how a 20yr veteran can say this is the best time for an IPO. Not only is a 10% float still absolutely massive, but the world is extremely unst…

Umm the yen carry trade unwound in August of 2024. It hasn’t been a factor in the markets for over a year:)

> On the real though, I am not sure how a 20yr veteran can say this is the best time for an IPO.

The best time for an open AI and anthropic ipo. They are hot now, the macro environment doesn’t weigh into that calculus.

Also a 10% float isn’t massive, most companies ipo with anywhere from 20-40% of their total share count.

And being a 20 year veteran means you can cut through all the noise you mention and focuse in what matters. At all most all points in History there is doom and gloom, 20 years gives you the experience to know most of the doom and gloom never matters.

You go public when you get the chance.

I appreciate you comment and I hope I helped update your understanding of how things work!!

Re: OpenAI Has New Focus (on the IPO)

#105

Post by financetechbro »

chollida1 wrote: post #104
financetechbro wrote: post #92

Earlier quoted context omitted.

I was in the capital markets during the COVID era, focusing on transactions for tech companies. I will take the bet that if OAI tries to IPO it will be WeWork 2.0 x100. Get ready for an even more creative version of “Community adjusted EBITDA” On the real though, I am not sure how a 20yr veteran can say this is the best time for an IPO. Not only is a 10% float still absolutely massive, but the world is extremely unst…

Umm the yen carry trade unwound in August of 2024. It hasn’t been a factor in the markets for over a year:) > On the real though, I am not sure how a 20yr veteran can say this is the best time for an IPO. The best time for an open AI and anthropic ipo. They are hot now, the macro environment doesn’t weigh into that calculus. Also a 10% float isn’t massive, most companies ipo with anywhere from 20-40% of their total s…

Current valuation of OAI is $840bn. 10% float is $80bn, largest US IPO was BABA at $24bn, how is this not massive?

Re: OpenAI Has New Focus (on the IPO)

#107

Post by chollida1 »

financetechbro wrote: post #105
chollida1 wrote: post #104

Earlier quoted context omitted.

Umm the yen carry trade unwound in August of 2024. It hasn’t been a factor in the markets for over a year:) > On the real though, I am not sure how a 20yr veteran can say this is the best time for an IPO. The best time for an open AI and anthropic ipo. They are hot now, the macro environment doesn’t weigh into that calculus. Also a 10% float isn’t massive, most companies ipo with anywhere from 20-40% of their total s…

Current valuation of OAI is $840bn. 10% float is $80bn, largest US IPO was BABA at $24bn, how is this not massive?

Oh, sorry I thought you meant the percentage would be huge.

Yes it’s a big ipo but early indications are that they’d be about 2x over subscribed if they ipo’d today from what the sell side is saying and I don’t doubt it from what other funds are saying.

Re: OpenAI Has New Focus (on the IPO)

#108

Post by financetechbro »

chollida1 wrote: post #107
financetechbro wrote: post #105

Earlier quoted context omitted.

Current valuation of OAI is $840bn. 10% float is $80bn, largest US IPO was BABA at $24bn, how is this not massive?

Oh, sorry I thought you meant the percentage would be huge. Yes it’s a big ipo but early indications are that they’d be about 2x over subscribed if they ipo’d today from what the sell side is saying and I don’t doubt it from what other funds are saying.

Ah understood. It will be fascinating to see how this plays out… OAI needs money one way or another. Thanks for the discourse

Re: OpenAI Has New Focus (on the IPO)

#109

Post by georgemcbay »

MeetingsBrowser wrote: post #65
jrjeksjd8d wrote: post #44

The quoted revenue numbers seem insane, but I guess it's the result of corporate deals where every developer seat is hundreds of dollars a month? My job has been publicly promoting who's on top of the "AI use dashboard" while our whole product falls apart. Surely this house of cards has to collapse at some point, better get public money before it does.

At least I’m not alone. My company has a vibe coded leaderboard tracking AI usage. Our token usage and number of lines changed will affect our performance review this year.

> Our token usage and number of lines changed will affect our performance review this year.

The AI-era equivalent of that old Dilbert strip about rewarding developers directly for fixing bugs ("I'm gonna write me a new mini-van this afternoon!") just substitute intentional bug creation with setting up a simple agent loop to burn tokens on random unnecessary refactoring.

Re: OpenAI Has New Focus (on the IPO)

#110

Post by jrjeksjd8d »

MeetingsBrowser wrote: post #65
jrjeksjd8d wrote: post #44

The quoted revenue numbers seem insane, but I guess it's the result of corporate deals where every developer seat is hundreds of dollars a month? My job has been publicly promoting who's on top of the "AI use dashboard" while our whole product falls apart. Surely this house of cards has to collapse at some point, better get public money before it does.

At least I’m not alone. My company has a vibe coded leaderboard tracking AI usage. Our token usage and number of lines changed will affect our performance review this year.

I have started using the most token-intensive model I can find and asking for complicated tasks (rewrite this large codebase, review the resulting code, etc.)

The agent will churn in a loop for a good 15-20 minutes and make the leaderboard number go up. The result is verbose and useless but it satisfies the metrics from leadership.

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