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OpenAI closes funding round at an $852B valuation

cnbc.com

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Re: OpenAI closes funding round at an $852B valuation

#91

Post by zitterbewegung »

sanex wrote: post #87
zitterbewegung wrote: post #82

Earlier quoted context omitted.

Are we truly arguing semantics on HN which is a news aggregator for startups and everyone truly knows what a "raise" is and it is obviously not funds in your bank account? I don't disagree with the rest of your comment and the core thesis is valid that OpenAI is very much doing circular financing. Edit: A raise comes with stipulations on what you can use the money for. I don't know if I was being too mean about respo…

Other than funds in a bank account I do not know what it would mean.

Stipulations on what you can use the funds for.

Re: OpenAI closes funding round at an $852B valuation

#93

Post by [deleted] »

cmiles8 wrote: post #70

This all smells fishy. They didn’t “raise” $122B. Raise means someone put funds in your bank account and said send us the next quarterly report to tell us how our investment is doing. They have pieces from paper of folks saying they may put up funds or goods and services in that amount. But it’s important to remember that: 1. While they are “raising” commitments others are backing out of deals (see Disney, various da…

[deleted]

Re: OpenAI closes funding round at an $852B valuation

#94

Post by fer »

zitterbewegung wrote: post #82
cmiles8 wrote: post #70

This all smells fishy. They didn’t “raise” $122B. Raise means someone put funds in your bank account and said send us the next quarterly report to tell us how our investment is doing. They have pieces from paper of folks saying they may put up funds or goods and services in that amount. But it’s important to remember that: 1. While they are “raising” commitments others are backing out of deals (see Disney, various da…

Are we truly arguing semantics on HN which is a news aggregator for startups and everyone truly knows what a "raise" is and it is obviously not funds in your bank account? I don't disagree with the rest of your comment and the core thesis is valid that OpenAI is very much doing circular financing. Edit: A raise comes with stipulations on what you can use the money for. I don't know if I was being too mean about respo…

Right because, what does even "buy" mean?

https://thedeepdive.ca/openai-locked-up-40-of-global-ram-wit...

Re: OpenAI closes funding round at an $852B valuation

#95

Post by cmiles8 »

strongpigeon wrote: post #62
alyxya wrote: post #31

> Today, we closed our latest funding round with $122 billion in committed capital at a post money valuation of $852 billion. A couple things that stand out to me about this is the use of the phrase "committed capital", which only sounds like a promise that could break from various circumstances, and the valuation of their funding keeps changing so it sounds like a max rather than the valuation every investor investe…

I do wonder how much of Amazon's $50B share (per last press release) is in AWS credits rather than money in the bank.

To then claim that Trainium is “selling” and not a dud? I’d bet a lot.

Re: OpenAI closes funding round at an $852B valuation

#96

Post by ares623 »

Aurornis wrote: post #83
simonebrunozzi wrote: post #57

No, they didn't raise $122B as the HN title implies. A big chunk of that $122B is a "maybe" that depends on various things that need to happen in the future. Oh, man... I can't wait to see where this is going. Might not be pretty after all.

Having large funding rounds contingent on meeting milestones is common. Always has been.

The assumption that's conveniently left out is that the milestones are realistic

Re: OpenAI closes funding round at an $852B valuation

#99

Post by caycep »

simonebrunozzi wrote: post #57

No, they didn't raise $122B as the HN title implies. A big chunk of that $122B is a "maybe" that depends on various things that need to happen in the future. Oh, man... I can't wait to see where this is going. Might not be pretty after all.

that being said, how can Softbank keep throwing around all these astronomical numbers after so many bad investments? Leftover iPhone money?

Re: OpenAI closes funding round at an $852B valuation

#100

Post by changoplatanero »

Ethee wrote: post #35
samdjstephens wrote: post #23

> The broad consumer reach of ChatGPT creates a powerful distribution channel into the workplace They mention this line in different forms a couple of times in the article. It’s clear they’re pretty rattled about Anthropic’s momentum in enterprise, I wonder how confident they really are in this rationale.

Kind of makes me wonder how 'accelerated' the timeline of publishing this article was based upon the Claude Code leak today. Considering everyone has gotten a sneak peek at what Anthropic is working on OpenAI might be a little worried. This could also just be coincidence, but this piece really does read like self-encouraging fluff.

The timing of this coming out today is cause today is the last day of the month/quarter and has nothing to do with Claude.
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