I this $110 Billion more or just $110 billion historically?
OpenAI raises $110B on $730B pre-money valuation
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Re: OpenAI raises $110B on $730B pre-money valuation
#22$30B from Nvidia… so the investments are locked in circular dependency. Great for the economy.
Re: OpenAI raises $110B on $730B pre-money valuation
#23Kind 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 a…
Not to nitpick but to expand, many funding deals (pretty much all above 100M) are structured like that.
You'll never get a billion dollar check from anyone.
I've even seen startups raise like 500k pre-seed with tranches in it, lmao!
Re: OpenAI raises $110B on $730B pre-money valuation
#24SoftBank? The music must be stopping soon, hold onto your butts.
What's the meme with SoftBank? Just that they're super bad at investments?
Re: OpenAI raises $110B on $730B pre-money valuation
#25Re: OpenAI raises $110B on $730B pre-money valuation
#26Re: OpenAI raises $110B on $730B pre-money valuation
#27Kind 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 a…
> - 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)
Startup funding is often given in increments depending on milestones being met. Most startups just don’t announce that it’s conditional.
For large funding rounds, nobody gets a check for the full amount at once.
The funding would not be conditional on an IPO because that wouldn’t make any sense. The IPO is the liquidity event for the investors and there’s no reason for a startup to take private investment money that only enters the company after IPO.
Re: OpenAI raises $110B on $730B pre-money valuation
#28[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.
It can be both a craze and a technology shift. AI isn't going away, it will transform some industries. But right now it's overhyped, overfunded and due a trip back to reality.
Re: OpenAI raises $110B on $730B pre-money valuation
#29This 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.
If you make a billion but only pay $2M for a pardon it might be worth it: https://www.independent.co.uk/news/world/americas/us-politic...
Re: OpenAI raises $110B on $730B pre-money valuation
#30Earlier quoted context omitted.
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.
I do not long back to the days of reused boxes and ducktape as homes for my electronics. It's here to stay.