OpenAI raises $110B on $730B pre-money valuation • Hacker News Board

Re: OpenAI raises $110B on $730B pre-money valuation

#151

Post by trilogic » Fri, Feb 27, 2026, 4:04 PM UTC

So let´s see if I understood well this one: Got 110 Billions with the promise that either AGI will happen soon (:) or going public before the end of the year. Eitherway you get to double your 110 Billions no matter what (who will be left to pay the full bill after it, public or public)?

Very interesting, I will follow it closely, mostly to see how you ROI 110 Billions in a couple of years.

Re: OpenAI raises $110B on $730B pre-money valuation

#152

Post by wongarsu » Fri, Feb 27, 2026, 4:04 PM UTC

zozbot234 wrote: post #120

wongarsu wrote: post #114

Earlier quoted context omitted.

OpenAI has all the name recognition (which is worth a couple billion in itself), but when it comes to actual business use cases in the here and now Anthropic seems ahead. Even more so if we are talking about software dev. But they are valued at less than half of OpenAI's valuation What is somewhat justifying OpenAI's valuation is that they are still trying for AGI. They are not just working on models that work here a…

Obligatory reminder that today's so called "AGI" has trouble figuring out whether I should walk or drive to the car wash in order to get my dirty car washed. It has to think through the scenario step by step, whereas any human can instantly grok the right answer.

The idea/hope is that a video model would answer the car wash problem correctly. There are exactly the kinds of issues you have to solve to avoid teleporting objects around in a video, so whenever we manage more than a couple seconds of coherent video we will have something that understands the real world much better than text-based models. Then we "just" have to somehow make a combined model that has this kind of understanding and can write text and make tool calls

Yes, this is kind of like Tesla promising full self driving in 2016

Re: OpenAI raises $110B on $730B pre-money valuation

#153

Post by paxys » Fri, Feb 27, 2026, 4:05 PM UTC

Big number gets bigger

Re: OpenAI raises $110B on $730B pre-money valuation

#154

Post by duxup » Fri, Feb 27, 2026, 4:06 PM UTC

Feels like Nvidia getting in the game here might just put them at more risk. If things don't work out they'll be out their money and future sales and so on.

It is bad enough AI sucked up so much investment money, hitting companies that do make profitable things hard if AI bubble collapses would be bad...

Re: OpenAI raises $110B on $730B pre-money valuation

#155

Post by timpera » Fri, Feb 27, 2026, 4:07 PM UTC

Hopefully this will allow them to continue to provide me unreasonable amounts of compute for €20/month. Enjoying it while it lasts…

Re: OpenAI raises $110B on $730B pre-money valuation

#156

Post by glimshe » Fri, Feb 27, 2026, 4:08 PM UTC

aurareturn wrote: post #62

HN told me OpenAI was on the verge of collapse.

You'll always find someone claiming X or Y are close to collapse at any given time. As even a broken clock is right twice a day, eventually one of these predictions will randomly be proven correct. That person will then be elevated to a genius forecaster and rake in cash for a decade or two.

Re: OpenAI raises $110B on $730B pre-money valuation

#157

Post by whoami4041 » Fri, Feb 27, 2026, 4:08 PM UTC

That's a pretty lofty valuation for a company that has yet to demonstrate code generation anywhere near Anthropic's models if they're leaning into the engineering angle.

Re: OpenAI raises $110B on $730B pre-money valuation

#158

Post by swarnie » Fri, Feb 27, 2026, 4:09 PM UTC

timpera wrote: post #155

Hopefully this will allow them to continue to provide me unreasonable amounts of compute for €20/month. Enjoying it while it lasts…

Have you tried to cancel recently?

Might save you €20 next month.

Re: OpenAI raises $110B on $730B pre-money valuation

#159

Post by layer8 » Fri, Feb 27, 2026, 4:09 PM UTC

BitsAndObjects wrote: post #144

Circular-breathing causes the air to heat up, causing expansion. This is how a balloon can expand even when someone is breathing air from inside it. s/breathing/investment/g s/balloon/bubble/g s/air/money/g

I performed the suggested substitution. What is the heating up of money in that analogy?

Re: OpenAI raises $110B on $730B pre-money valuation

#160

Post by zozbot234 » Fri, Feb 27, 2026, 4:10 PM UTC

lenerdenator wrote: post #150

wongarsu wrote: post #114

Earlier quoted context omitted.

OpenAI has all the name recognition (which is worth a couple billion in itself), but when it comes to actual business use cases in the here and now Anthropic seems ahead. Even more so if we are talking about software dev. But they are valued at less than half of OpenAI's valuation What is somewhat justifying OpenAI's valuation is that they are still trying for AGI. They are not just working on models that work here a…

> If this comes to pass OpenAI's value is near unlimited. How? If we have AGI, we have a scenario where human knowledge-based value creation as we know it is suddenly worthless. It's not a stretch to imagine that human labor-based value creation wouldn't be far behind. Altman himself has said that it would break capitalism. This isn't a value proposition for a business, it's an end of value proposition for society. T…

"End of human-based value creation" is tantamount to post-scarcity. It "breaks" capitalism because it supposedly obviates the resource allocation problem that the free-market economy is the answer to. It's what Karl Marx actually pointed to as his utopian "fully realized communism". Most people would think of that as a pipe dream, but if you actually think it's viable, why wouldn't you want it?