The duopoly slowly turning into a monopoly won't be pretty.
OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
81–90 of 144 posts
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#82Earlier quoted context omitted.
Claude Code is rare product that is both beneficial and economically addictive, where its use increases demand for itself, at least in the supply / demand range for code we are accustomed to. It makes making software so much easier that Claude coding custom software becomes a solution to all sorts of past annoyances. Maintaining the software is easy enough thanks to Claude code.
> Claude Code is rare product that is both beneficial and economically addictive, I'm in the film and engineering spaces, and I can honestly say the same about image and video models. There is so much fun in all of these tools, and the productivity gains are insane. I shoot film, but I never would have been able to do anything like this before: https://www.youtube.com/watch?v=HDdsKJl92H4 https://www.youtube.com/watch…
That's my view too. I love what people are doing with this stuff. I really want to get a decent rig to start doing this stuff locally someday.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#83Nothing is worth $852B in that space of time unless they are printing more than half of that in cash which to be clear they are not. They are burning it at that rate. Let's be clear. It's a valuable company, a valuable product, a valuable technology. It set the trend for the next phase of computer usage. But it's not worth $852B in that span of time and when it goes public that reality will bear down on them quickly.
It's a falling knife. Don't try catch it on the way down. That valuation might be justified in another 10 years.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#84Earlier quoted context omitted.
Claude Code is rare product that is both beneficial and economically addictive, where its use increases demand for itself, at least in the supply / demand range for code we are accustomed to. It makes making software so much easier that Claude coding custom software becomes a solution to all sorts of past annoyances. Maintaining the software is easy enough thanks to Claude code.
> Claude Code is rare product that is both beneficial and economically addictive, I'm in the film and engineering spaces, and I can honestly say the same about image and video models. There is so much fun in all of these tools, and the productivity gains are insane. I shoot film, but I never would have been able to do anything like this before: https://www.youtube.com/watch?v=HDdsKJl92H4 https://www.youtube.com/watch…
Uh, how is this possible? Is this all Veo 3? How are they getting such fantastic continuity across clips?
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#85Earlier quoted context omitted.
Missing the Claude Code market was the biggest swing and miss ever. Too busy trying to make TikTok for preteens with $4/generation videos that lost their novelty the minute IP was off the table. Didn't even identify the professional market in video was the correct place to invest, like Kling and ByteDance did. Chasing consumer killed their ascendency. Sam is a ruthless leader and knows how to build an empire, but he'…
It amazed me that no one picked up on Codex last summer when it was effectively unlimited. I must have burnt through £10k worth of inference whilst still paying £20 a month
It’s still great. I’ve pumped out 5 apps this month on the $200.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#86Nothing is worth $852B in that space of time unless they are printing more than half of that in cash which to be clear they are not. They are burning it at that rate. Let's be clear. It's a valuable company, a valuable product, a valuable technology. It set the trend for the next phase of computer usage. But it's not worth $852B in that span of time and when it goes public that reality will bear down on them quickly.…
Falling knife or not, if you own an index fund, or if your 401k owns one, you're buying a piece of it at IPO prices. The exit scam is almost complete.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#87"You have ChatGPT, a 1 billion-user business growing 50-100% a year, what are you doing talking about enterprise and code?" The ironic part about this is GPT models are by far the worst models to chat too. I think I rather talk to a wall than GPT-5.4. It so unpleasant. I feel bad for anyone who only experience with AI is ChatGPT.
I completely disagree. I like the responses from ChatGPT, Gemini just seems off and I feel like I can’t get what I want from it.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#88Earlier quoted context omitted.
What about "cowork", aiming to be the claude code of excel files and pdfs and screenshotting your desktop to tell you what's wrong? Like, that feels like it's also a huge amount of token churn ("sure, I can search every xls file on your machine to find the 2023 invoice from that company"), and very early in its adaption curve. Most people are still using AI as a webpage chatbot to ask questions to and copy+paste betw…
I think The Verge said it the best. Taking advantage of these tools to the maximum requires you to have "software brain" which the average person does not have. They struggle to set up a simple automation in their smart home platform of choice. There is little reason to believe they will take the leap to use such tools to simplify daily tasks because it requires people to think about which daily tasks can be simplifi…
The point of AI is that it's supposed to be intelligent. Why silo it in an app? Instead of telling it what to automate, shouldn't it sit at the OS level, watch everything you do, and figure out what to automate by itself?
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#89There does seem to be like a 1% chance (maybe 0.5%) that this turns into a WeWork situation. It's a product that users love, but the company leadership is so used to lying and deceiving and being loose with numbers that the IPO filing could be a pretty big shock. Either they'll have to tell the truth, which will be much less rosy than the lies, or they'll lie and turn everyone off.
Probably won't happen. But not definitely.
Re: OpenAI's $852B valuation faces investor scrutiny amid strategy shift, FT reports
#90> "You have ChatGPT, a 1 billion-user business growing 50-100% a year, what are you doing talking about enterprise and code?" an early backer of OpenAI told FT. "It's a deeply unfocused company." This is exactly the dynamic I've been worried about. If you go to OpenAI's site to learn what they're all about, they're pretty clear about it: "ensure that artificial general intelligence benefits all of humanity", "Join us…
> ensure that artificial general intelligence benefits all of humanity
Thus far based on their actions, a reasonable read would be that they believe “humanity” would be better off with fewer people. Whoever you think OpenAI is or was, you’d have to be willfully ignorant of the actions of those who run it to believe it and Sam now.