141–144 of 144 posts
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Cowork is a dead end. Most people can’t operate onedrive. Tools like Claude are best at answering things when the user understands the question.
Why did they even bother putting resources into that project? Bizarre. It’s telling how scarce vision is.
It just isn’t the next Microsoft Office. A market of 10M people vs 2B!
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I think that fact that IPOs have grown slower over the years is more about larger VC markets where they can fund valuations up to hundreds of billions rather than something to do with adoption. As you note, Netscape and Amazon IPOed fairly quickly. Google took 6 years (1998 to 2004) Facebook took 8 years (2004 to 2012) Alibaba Group took 15 years (1999 to 2014) Claude Code is at $30B annual recurring revenue, and it…
> Claude Code is at $30B annual recurring revenue, and it launched in Feb 2025, and OpenAI at $25B (although they measure partner revenue differently). By comparison the iPhone make $630M revenue in the 12 months after it was launched. What does revenue have to do with it? Companies usually want to IPO with a decent profit margin showing on the books, revenue doesn't usually come into it.
Untrue.
Read what the OP said about Amazon.
And Figma - the most recent high-profile IPO I could think of - isn't profitable.
It’s an absolutely hilarious/absurd valuation for a company that has absolutely no path to do anything other than lighting money on fire, forever. I’d call it nonsense, but Tesla’s valuation proves the market runs on shenanigans, at this point, so whatever. If people want to meme OpenAI into a trillion dollar market cap, I guess let them?
Let them. And have pension funds and 401Ks automatically go for the ride too.
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What is incredibly disgusting for me, is the idea that there can be only one winner in the stock market, which spits in he face of free market competition. This is not an AI thing, this is a stocks thing, which Ive been complaining about incessantly. If a given domain, like AI, has competition, that means you have to sell things at cost + margin, and rush ahead or be crushed by competitors. Will definitely make you g…
I don't think it's true there can only be one winner. Lots of industries have multiple successful large companies.
That means a monopolistic company is great investment vehicle, while one that sells goods at cost is a crappy one.