Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

techcrunch.com

Post reply on HN
Print view View original

51–60 of 620 posts

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

#51

Post by lstodd »

nalekberov wrote: post #36
lnsru wrote: post #12

Earlier 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.

> 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.

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

#52

Post by skeeter2020 »

lnsru wrote: post #12
gigatexal wrote: post #2

[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 most definitely COULD be a craze from the perspective of scope of investment, societal impact and timing. No one surfing the crest of this wave could be described as "conservative".

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

#53

Post by staticman2 »

arctic-true wrote: post #38
vimda wrote: post #14

Kind 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…

The conditions are either an IPO or achieving AGI. I’d be curious to know how the contract defines AGI. If I recall correctly, the OAI-Microsoft deal just defined it as “AI-shaped tech that can generate $100 billion in annual profits”, which I think is actually close to the correct answer, insofar as we will have AGI when the markets decide we have AGI and not when some set of philosophical criteria seem to be satisf…

> If I recall correctly, the OAI-Microsoft deal just defined it as “AI-shaped tech that can generate $100 billion in annual profits”, which I think is actually close to the correct answer

So if they hit 100 billion annual then it's AGI but if Kellogg's launches “FrostedFlakes-GPT" and steals 30% of the market it's no longer AGI at 70 billion?

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

#54

Post by qsera »

whynotminot wrote: post #45
qsera wrote: post #42

Earlier quoted context omitted.

Actually it is not about this stage. It is about the sustainability of this when training data runs out and there is less and less human generated content. An echo cannot go on forever!

> Actually it is not about this stage. It is about the sustainability of this when training data runs out This is an argument from 2024. Somehow, the models have continued to improve. If they stopped improving today they are good enough as they already are to generate profound change. The wave front is already visible, we’re just on the shore waiting for the impact.

When training data runs out, they usefulness will diminish quickly. They will still be useful for searching documents etc, but I guess they are not good at that even now.

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

#56

Post by baggachipz »

idiotsecant wrote: post #37
user3939382 wrote: post #22

$30B from Nvidia… so the investments are locked in circular dependency. Great for the economy.

This implies any actual investment took place, which would be an innovative break from the typical scenario with AI firms.

Oh the "investment" is definitely taking place on paper. Whether any money actually changes hands... doubtful.

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

#57

Post by baggachipz »

lnsru wrote: post #12
gigatexal wrote: post #2

[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.

"This time it's different!"

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

#58

Post by AnimalMuppet »

qsera wrote: post #54
whynotminot wrote: post #45

Earlier quoted context omitted.

> Actually it is not about this stage. It is about the sustainability of this when training data runs out This is an argument from 2024. Somehow, the models have continued to improve. If they stopped improving today they are good enough as they already are to generate profound change. The wave front is already visible, we’re just on the shore waiting for the impact.

When training data runs out, they usefulness will diminish quickly. They will still be useful for searching documents etc, but I guess they are not good at that even now.

When training data runs out, their usefulness will stop growing quickly. Why should their usefulness diminish?

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

#59

Post by JKCalhoun »

tartoran wrote: post #8
hedora wrote: post #6

This 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.

Circular economy money

Definitely with regard to Nvidia.
Post reply on HN