Inflation is a hell of a drug.
OpenAI closes funding round at an $852B valuation
101–110 of 529 posts
Re: OpenAI closes funding round at an $852B valuation
#102No, they didn't raise $122B as the HN title implies. A big chunk of that $122B is a "maybe" that depends on various things that need to happen in the future. Oh, man... I can't wait to see where this is going. Might not be pretty after all.
"Here comes another bubble..."
Re: OpenAI closes funding round at an $852B valuation
#103No, they didn't raise $122B as the HN title implies. A big chunk of that $122B is a "maybe" that depends on various things that need to happen in the future. Oh, man... I can't wait to see where this is going. Might not be pretty after all.
that being said, how can Softbank keep throwing around all these astronomical numbers after so many bad investments? Leftover iPhone money?
Saudi oil money
Re: OpenAI closes funding round at an $852B valuation
#104With $122B what are you going to build next? Spaceships?
[deleted]
Re: OpenAI closes funding round at an $852B valuation
#105Re: OpenAI closes funding round at an $852B valuation
#106With $122B what are you going to build next? Spaceships?
Rather than advancing the state of the art, they'll use it to slow down competition by starving them of resources. In the style of a monopoly.
Re: OpenAI closes funding round at an $852B valuation
#107$2b/month which is $24b/year. Not as much as I expected considering they were at $20b by end of 2025.[0] They only added $4b since? Anthropic had $19b by end of February 2026 and they added $6b in February alone.[1] This means if they added another $6b in March, they're higher than OpenAI already. However, I heard that OpenAI and Anthropic report revenue in a different way. OpenAI takes 20% of revenue from Azure sale…
And that is revenue only. In the past 15 or so years most US companies (and especially startups) always talk about revenue only. Wheras only profit should matter.
E.g. what good is 20 billion per year when "OpenAI is targeting roughly $600 billion in total compute spending through 2030". That is $150 billion per year?
Re: OpenAI closes funding round at an $852B valuation
#108I can't help but think building an "everything" app is so.. both unbelievably ambitious, and a folly. I am not personally convinced that people want all the things that this super app purports to do. I am from a generation that still sits behind a desktop computer when making "big purchases." I can't even buy a flight on my phone. I am so much less likely to want to have an AI agent do that for me. Then the idea that…
I think you lack imagination. This is going to be the future because it is legitimately a step up from the previous ways of doing things. I can do things that were way more difficult before. It doesn't have to be AI all the way - no one's asking AI to book things on its own and make the payments on their own. What does work is, make AI do the research and you verify and you do the payment. Human in the loop. To me th…
Maybe there's a scenario where that is useful. But again, I don't know why I'd want an AI to do this research for me. I hop on Skyscanner. I type my location, and where I'd like to go. It presents me with a list of options, and I can then use the filters to find times that work best for me.
I see a flight that isn't in my time frame, but is actually like 400 euros cheaper. And I decide in that moment that waking up at 5am is worth the savings.
I'd have not typed that into a prompt. I made that decision at the moment I saw the possibility. I didn't even know that it was an option prior to that moment.
Then I go look at hotels. I have a list of requirements, but I see that one of the hotels that I just glanced at has a really nice long pool, and the amenities look nicer from the images. I change my mind at that exact moment, I can walk 15 minutes more to the beach.
Now it should be even clearer why this is important for food.
Re: OpenAI closes funding round at an $852B valuation
#109I can't help but think building an "everything" app is so.. both unbelievably ambitious, and a folly. I am not personally convinced that people want all the things that this super app purports to do. I am from a generation that still sits behind a desktop computer when making "big purchases." I can't even buy a flight on my phone. I am so much less likely to want to have an AI agent do that for me. Then the idea that…
I've worked for 3 different startups where the CEO at one point gave us the talk of "we're building a super app".
Admittedly openAI is in a better position to do it, but not by much.
Everyone wants to be WeChat in china. No user wants that from them.
Re: OpenAI closes funding round at an $852B valuation
#110I'm old enough to remember when companies worth $1 billion were called "unicorns." Now we have a company raising 122 times that? Valued at nearly 1000 times that...? At least they're throwing consumers a bone via the ARK deal. It's crazy how little AI exposure is available to anyone who isn't already wealthy and/or connected.
I think this is reality-distortion field rivaling that of Jobs', and a crisis of faith. Nobody apparently believes that capital is worth investing into anything but AI.
It's the result of too much echo chambered bullshit floating around daily about how capable LLMs really are. It's literally crypto/blockchain all over again. It's one big lie that a lot of people have bought into which causes it to self-perpetuate, like religion.