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OpenAI Is Preparing to File for an IPO Soon

wsj.com

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Re: OpenAI Is Preparing to File for an IPO Soon

#231

Post by 0xDEAFBEAD »

anal_reactor wrote: post #146
psb5 wrote: post #109

Earlier quoted context omitted.

All that is a side show. What would you have done with the cash if you were right? Thats always the real story. My Aunt runs an accounting firm and is constantly moaning about the number of people who have over accumulated cash from IPOs and have no clue what to do with it all.

I would retire. If you have two million euros lying around, that would be life-changing money for me. I'd put everything into VWCE and then live off interest. I think I'd spend a year in Japan just to see what it's like, then travel around a few other countries, and finally settle somewhere back in Europe - buy a small house in the middle of nowhere, renovate it, and then smoke weed and play video games until the end…

Don't you think sitting alone at home smoking weed and playing games might get a little bit lonely? Humans need human contact. Might as well pick up a night shift at the convenience store so you can talk to people.

At which point the plan becomes something you can put into action tomorrow, if you wanted. It's like the parable of the Mexican fisherman: https://www.thekinnardhomestead.com/the-parable-of-the-mexic...

Stoner WoW addicts working dead-end jobs live better than kings did in previous centuries, and we're too status-obsessed to notice this.

Re: OpenAI Is Preparing to File for an IPO Soon

#233

Post by 0xDEAFBEAD »

nujabe wrote: post #102
wg0 wrote: post #99

If you're an investor you should try Deepseekv4 before you put your hard earned money in this gambling spree. Context - Deepseekv4 is freely available to download you can host your own and sell it keeping the proceeds and it rivals Claude Opus 4.7. "Thank you for your attention to this matter"

Isn’t knowing how to scale and optimize llm traffic the main barrier ?

I'll bet Deepseekv4 could answer any questions you had related to that. How much of a moat will it prove to be in the long run? "Scale and optimize" sounds like a commodity business.

Re: OpenAI Is Preparing to File for an IPO Soon

#234

Post by anal_reactor »

0xDEAFBEAD wrote: post #231
anal_reactor wrote: post #146

Earlier quoted context omitted.

I would retire. If you have two million euros lying around, that would be life-changing money for me. I'd put everything into VWCE and then live off interest. I think I'd spend a year in Japan just to see what it's like, then travel around a few other countries, and finally settle somewhere back in Europe - buy a small house in the middle of nowhere, renovate it, and then smoke weed and play video games until the end…

Don't you think sitting alone at home smoking weed and playing games might get a little bit lonely? Humans need human contact. Might as well pick up a night shift at the convenience store so you can talk to people. At which point the plan becomes something you can put into action tomorrow, if you wanted. It's like the parable of the Mexican fisherman: https://www.thekinnardhomestead.com/the-parable-of-the-mexic... St…

That's something I have at the back of my mind. My company is completely dysfunctional so 90% of my job is literally doing nothing, which is amazing. The problem is the fear of losing this position.

Re: OpenAI Is Preparing to File for an IPO Soon

#236

Post by 0xDEAFBEAD »

conception wrote: post #118
sentientslug wrote: post #86

Earlier quoted context omitted.

This is terrible advice, are you buying and self balancing hundreds of different stocks?

I can’t say I’ve tried this but the thought just came to me that generating such trades would be trivial to do monthly now.

Sure, if you want to print a 1000 page supplement and staple it to your taxes.

More seriously, I would still worry about order execution and transaction costs. You are likely to end up on the wrong side of the bid/ask spread when playing against the big boys.

If you're actually serious about this, you might as well start your own ETF. Or just buy this one I found after a quick Google: https://www.proshares.com/our-etfs/strategic/spxt Buying multiple sector-specific ETFs is another approach. I'm told that utilities are good to hold during a downturn.

Re: OpenAI Is Preparing to File for an IPO Soon

#237

Post by 0xDEAFBEAD »

anal_reactor wrote: post #234
0xDEAFBEAD wrote: post #231

Earlier quoted context omitted.

Don't you think sitting alone at home smoking weed and playing games might get a little bit lonely? Humans need human contact. Might as well pick up a night shift at the convenience store so you can talk to people. At which point the plan becomes something you can put into action tomorrow, if you wanted. It's like the parable of the Mexican fisherman: https://www.thekinnardhomestead.com/the-parable-of-the-mexic... St…

That's something I have at the back of my mind. My company is completely dysfunctional so 90% of my job is literally doing nothing, which is amazing. The problem is the fear of losing this position.

You could spend some of that 90% time building skills for hobbies / a hypothetical future job search.

Re: OpenAI Is Preparing to File for an IPO Soon

#238

Post by pjc50 »

epolanski wrote: post #201
aurareturn wrote: post #143

Earlier quoted context omitted.

I think it's because the private market can't possibly go any higher. OpenAI is already valued at around $1 trillion and just raised $122b. The only next step is the public market.

Meanwhile Chinese AI companies outputting open weight models nearly as good are valued in the low single digit billions. Go figure.

That's the premium for being a Western company in a Western market, yes.

Re: OpenAI Is Preparing to File for an IPO Soon

#239

Post by pjc50 »

0xDEAFBEAD wrote: post #211
chvid wrote: post #190

Earlier quoted context omitted.

Yep. Two simple boring bets on AI: NVIDIA and Google.

I still think NVIDIA is a bad bet--where is their moat in the long term? Doesn't the sort of work NVIDIA engineers do look vulnerable to AI-assisted automation? NVIDIA engineers code against a well-defined test suite/specification, right?

AMD should have been ideally placed to compete with them, and haven't.

> NVIDIA engineers code against a well-defined test suite/specification, right?

The spec is the value. And the patents.

Re: OpenAI Is Preparing to File for an IPO Soon

#240

Post by pjc50 »

roysting wrote: post #193
psb5 wrote: post #109

Earlier quoted context omitted.

All that is a side show. What would you have done with the cash if you were right? Thats always the real story. My Aunt runs an accounting firm and is constantly moaning about the number of people who have over accumulated cash from IPOs and have no clue what to do with it all.

We love in a kind of bizarro world where the “capitalists” have printed so much money that they’re wildly inefficient in allocation of resources, as evident by all the excess cash sloshing around; while the “communists” of China and to some degree Russia and the BRICS in general are widely efficient in allocation of resources, as evident by the creativity and innovation and advancements they’ve made in very short ord…

Russia has allocated a significant proportion of its resources to exterminating its own children.

China has done well, but the rest of the BRICS categorization makes no sense to me. India (and also Pakistan) are behind China on renewables but are having a huge surge right now.

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