> up from the company’s last private valuation of $730 million typo
For now.. ;)
OpenAI leans toward waiting until next year for IPO
41–50 of 159 posts
Re: OpenAI leans toward waiting until next year for IPO
#42Earlier quoted context omitted.
> Ed’s leaks demonstrated that OAI doesn’t make money (even on inference). They did not.
Oh? They’re profitable now? Or anywhere close to it?
No, but the GP wasn't satisfied with that, and had to put in a snide "even on inference" parenthetical. The leaks showed inference having positive margins.
The Zitronites will say that the data is fraudulent, and OpenAI must have classified some of their inference as marketing, or R&D, or some other wacky theory of the week. But the actual data does not show that. It is made up.
If you want to cherry-pick the worst parts from the leak and disbelieve the more positive ones, it feels like you're not in a great place epistemically...
Re: OpenAI leans toward waiting until next year for IPO
#43> The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges. SpaceX's stock volatile? It's a shame nobody saw that coming.
Is it still being prematurely included in the major index funds?
Re: OpenAI leans toward waiting until next year for IPO
#44Earlier quoted context omitted.
The math doesn’t help Anthropic either but the market views these two companies very differently at the moment. Anthropic is seen as having momentum. Open AI is seen as having likely peaked. That makes a huge difference when pitching an IPO.
Agree but Anthropic momentum is fading too. Open source is starting to slowly become a source of frustration for frontier labs In the discussion around value for money.
How is momentum fading when their headline product is so good it’s illegal?
Re: OpenAI leans toward waiting until next year for IPO
#45It's over. Open models and chinese models will make fast progress and that nvidia+ms 128gb monster is what everyone will end up buying. sama can go back to running scams.
Re: OpenAI leans toward waiting until next year for IPO
#46> The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges. SpaceX's stock volatile? It's a shame nobody saw that coming.
Is it still being prematurely included in the major index funds?
yes, in few weeks.unfortunately the stock will be back from this slump
Re: OpenAI leans toward waiting until next year for IPO
#47Earlier quoted context omitted.
Agree but Anthropic momentum is fading too. Open source is starting to slowly become a source of frustration for frontier labs In the discussion around value for money.
How is momentum fading when their headline product is so good it’s illegal ?
is no longer being able to sell it to half of your market good, financially?
Re: OpenAI leans toward waiting until next year for IPO
#48Earlier quoted context omitted.
Agree but Anthropic momentum is fading too. Open source is starting to slowly become a source of frustration for frontier labs In the discussion around value for money.
How is momentum fading when their headline product is so good it’s illegal ?
I think they may have overplayed their hand so to speak. The end consequence is that their best model isn’t available right now, people are exploring alternatives, and realizing they work fine.
It’s such a fast paced and competitive industry, anyone who takes even a short break is going to have a hard time coming back from it, and that’s basically what they’ve done.
Re: OpenAI leans toward waiting until next year for IPO
#49Re: OpenAI leans toward waiting until next year for IPO
#50Earlier quoted context omitted.
Oh? They’re profitable now? Or anywhere close to it?
No, but the GP wasn't satisfied with that, and had to put in a snide "even on inference" parenthetical. The leaks showed inference having positive margins. The Zitronites will say that the data is fraudulent, and OpenAI must have classified some of their inference as marketing, or R&D, or some other wacky theory of the week. But the actual data does not show that. It is made up. If you want to cherry-pick the worst p…
> Zitronites will say that the data is fraudulent, and OpenAI must have classified some of their inference as marketing, or R&D, or some other wacky theory of the week
Which, look, could be true! But it's currently speculation only.