HN told me OpenAI was on the verge of collapse.
For Nvidia's part they're just giving money to one of their largest customers. They make money back even if they "lose" the bet
OpenAI raises $110B on $730B pre-money valuation
181–190 of 620 posts
Re: OpenAI raises $110B on $730B pre-money valuation
#182Earlier quoted context omitted.
> The market is saying something about the comparative value of OpenAI. Is it? At what point are the models going to all be "good enough", with the differentiating factor being everything else, other than model ranking? That day will come. Not everyone needs a Ferrari. Edit: I misread the parent, I think they're saying the same thing.
Model rankings are irrelevant. No one cares. The differentiating factor will be access to proprietary training data. Everyone can scrape the public web and use that to train an LLM. The frontier companies are spending a fortune to buy exclusive licenses to private data sources, and even hiring expert humans specifically to create new training data on priority topics.
Including paying poets and other experts by the hour to improve the models https://conversationswithtyler.com/episodes/brendan-foody/
Re: OpenAI raises $110B on $730B pre-money valuation
#183HN told me OpenAI was on the verge of collapse.
For Nvidia's part they're just giving money to one of their largest customers. They make money back even if they "lose" the bet
Selling Shovels is quite lucrative whether there is an actual mining business or just a gold rush.
At one point Jensen Huang will be out (retired or forced by staginating sales) and can definitely look back on a very successful career. That much is certain.
Re: OpenAI raises $110B on $730B pre-money valuation
#184> Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met. Those conditions are an IPO or reaching AGI [1]. Nvidia and SofBank will pay in installments. Also very interesting that Microsoft decided to not invest in this round. A PR statement was made though [2]. [1] https://americanbazaaronline.com/2026/02/26/amazon-to-invest... [2…
Very convenient to put "AGI" in all these agreements because the term is fundamentally undefinable. So throw out whatever numbers you want and fight about it and backtrack later.
Re: OpenAI raises $110B on $730B pre-money valuation
#185There's this saying that if you owe the bank a million dollars, you have a big problem, but if you owe the bank 100 million dollars, the bank has a big problem. Is the same thing true for corporations? At some point the numbers are so wild the entire economy must help you succeed? I don't mean "too big to fail" exactly, more like "so big eventual success is guaranteed at all costs"
And if you owe the bank a hundred billon dollars the entire economy has a big problem.
Re: OpenAI raises $110B on $730B pre-money valuation
#186Earlier quoted context omitted.
> Bitcoin and 3D printing were craze. What bitcoin gave us essentially? Huge pump and dump schemes coordinated by big hands? Crypto investments which made 95% of investors poorer? What's left? Maybe 0.01% of it was beneficial.
Freedom from overregulated and antiquated retail banking especially wrt cross-border transfers. I guess it isn't that noticeable from inside US, but the rest of the world is grateful.
> the rest of the world is grateful.
Maybe speak for yourself? As part of the rest of the world, I am not grateful.
Re: OpenAI raises $110B on $730B pre-money valuation
#187Re: OpenAI raises $110B on $730B pre-money valuation
#188There is not a single OpenAI model in the top 10 on openrouter's ranking page. The market is saying something about the comparative value of OpenAI. Edit: yes, it is true that many people do integrate directly with OpenAI. That doesn't negate the fact that Openrouter users are largely not using OpenAI.
1. openrouter is API usage. There is obviously consumer side
2. people often use openrouter for the sole purpose of using a unified chat completions API
3. OpenAI invented chat completions; if you use openrouter for chat completions often you can just switch your endpoint URL to point to the OAI endpoint to avoid the openrouter surcharge!
4. Hence anyone with large enough volume will very likely not use openrouter for OpenAI; there is an active incentive to take the easy route of changing the endpoint URL to OAI’s
Re: OpenAI raises $110B on $730B pre-money valuation
#189Earlier quoted context omitted.
Did it ever occur to you that an entire generation of developers are going to retire in less than 20 years? They are betting that the software industry will be autonomous. Really, think of our industry like AUV phenomena. We’re the drivers that are about to be shown the door, that’s the bet. World will still need software, lots of it. Their valuation is based on an entire developer-less future world (no labor costs).
Even the rise of high-level languages did not lead to a "developer-less future". What it did was improve productivity and make software cheaper by orders of magnitude; but compiler vendors did not benefit all that much from the shift.
A high-level language or a compiler wasn't automating end-to-end reasoning for a programming task.
Re: OpenAI raises $110B on $730B pre-money valuation
#190> Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met. Those conditions are an IPO or reaching AGI [1]. Nvidia and SofBank will pay in installments. Also very interesting that Microsoft decided to not invest in this round. A PR statement was made though [2]. [1] https://americanbazaaronline.com/2026/02/26/amazon-to-invest... [2…
Very convenient to put "AGI" in all these agreements because the term is fundamentally undefinable. So throw out whatever numbers you want and fight about it and backtrack later.
> fundamentally undefinable
Incredible, how an entire religion has sprung up around AGI.