What would really help is knowing the details of such funding. The hierarchy of who gets paid first in event of going under is very illuminating and while I am not a banker I always wonder if there are caveats too complicated even for the large investors to understand
OpenAI raises $110B on $730B pre-money valuation
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Re: OpenAI raises $110B on $730B pre-money valuation
#12[flagged]
It’s not craze. It’s technology shift. Bitcoin and 3D printing were craze. It’s like a move from analog photography to digital. I am telling you this as a very conservative person. Even for me it’s helpful.
Re: OpenAI raises $110B on $730B pre-money valuation
#13SoftBank? The music must be stopping soon, hold onto your butts.
Re: OpenAI raises $110B on $730B pre-money valuation
#14Kind of leaving out a lot of detail there:
- Amazon's $50B is only $15B, with the rest being "after certain conditions are met", whatever that means (probably an IPO, which isn't happening)
- The $30B each from softbank and NVIDIA is paid in installments
So this is more a $35B fundraise, with a _promise_ of more, maybe, if conditions are met. Not _bad_, but yet more gaslighting from Mr Altman. Anyone reporting this as a closed fundraising deal is being disingenuous at best.
Re: OpenAI raises $110B on $730B pre-money valuation
#15This time, does the $100B actually exist? https://www.inc.com/leila-sheridan/nvidia-is-wavering-on-its... What's the statue of limitations for securities fraud? The current administration won't last forever.
Circular economy money
Normally, there's at least a locked suitcase full of newspapers racking up frequent flier miles...
Re: OpenAI raises $110B on $730B pre-money valuation
#16What are they going to do with it?
Re: OpenAI raises $110B on $730B pre-money valuation
#17[flagged]
It’s not craze. It’s technology shift. Bitcoin and 3D printing were craze. It’s like a move from analog photography to digital. I am telling you this as a very conservative person. Even for me it’s helpful.
> 3D printing were craze
That's certainly a take, industry loves it. Sure, all that "everybody will print widgets at home instead of going to the store" stuff was never going to happen, but 3d printing is nonetheless here to stay.
Re: OpenAI raises $110B on $730B pre-money valuation
#18Re: OpenAI raises $110B on $730B pre-money valuation
#19Without circular investments and valuations what would Open AI be worth? 100B? 300B? Entirely on revenue alone it seems like 20B. Current valuation appears to be two orders of magnitude off.
Let the retailers decide this year at IPO! The heavy bags must be carried by someone
Re: OpenAI raises $110B on $730B pre-money valuation
#20SoftBank? The music must be stopping soon, hold onto your butts.
What? SoftBank has been investing in them repeatedly for years now.