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

techcrunch.com

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

#61

Post by AnimalMuppet »

Yizahi wrote: post #43

Nvidia will get all that money back via GPU purchases, Amazon via cloud rental and SoftBank is being typical SoftBank - a rich but not particularly bright kid in a class :) .

"I give you $30 billion if you use it to buy $30 billion of stuff from me" doesn't sound like a very good investment. Is Nvidia expecting more back than it puts in? Enough more to make the deal profitable?

Or is it just to keep Nvidia from crashing?

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

#63

Post by JKCalhoun »

2OEH8eoCRo0 wrote: post #49
thefounder wrote: post #19

Earlier quoted context omitted.

Let the retailers decide this year at IPO! The heavy bags must be carried by someone

Is this really the con? Be part of the in-group and buy pre-IPO shares to dump them on joe-six-pack shortly afterwards?

Always has been? (Well, with pyramid schemes anyway.)

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

#64

Post by rvz »

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.

> This time, does the $100B actually exist?

Nope. That 100B is in "promises" for over several years in total.

They have $15B out of the $50B from Amazon right now.

> The current administration won't last forever.

This is why OpenAI must IPO and when it does, I won't be surprised that a crash is followed up before 2030.

By then, they will "announce" "AGI" (Which actually means an IPO)

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

#65

Post by sethops1 »

aurareturn wrote: post #62

HN told me OpenAI was on the verge of collapse.

How much revenue have they generated? How about profit?

If investors keep throwing obscene money at OpenAI, sure, they can stay afloat forever. Can't argue with that. But if we're talking about a sustainable business, I still don't see it.

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

#67

Post by maplethorpe »

> The Information had previously reported that $35 billion of Amazon’s investment could be contingent on the company either achieving AGI or making its IPO by the end of the year. OpenAI’s announcement confirms the funding split, but says only that the additional $35 billion will arrive “in the coming months when certain conditions are met.”

Incredible.

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

#68

Post by giancarlostoro »

aurareturn wrote: post #62

HN told me OpenAI was on the verge of collapse.

If nobody invested in OpenAI how long could they keep the lights on? They're not profitable yet, and a lot of the wealth that Sam Altman seems to be making revolves around strange circular deals.

By comparison, Anthropic is projected to break even in 2028. Google's Gemini is already profitable.

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