OpenAI raises $110B on $730B pre-money valuation
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Re: OpenAI raises $110B on $730B pre-money valuation
#2[flagged]
Re: OpenAI raises $110B on $730B pre-money valuation
#3Wow! This is circular financing. Sharknado, Altnado….
Re: OpenAI raises $110B on $730B pre-money valuation
#4This should probably change to https://openai.com/index/scaling-ai-for-everyone/ which has more details.
> Today we’re announcing $110B in new investment at a $730B pre-money valuation. This includes $30B from SoftBank, $30B from NVIDIA, and $50B from Amazon.
Re: OpenAI raises $110B on $730B pre-money valuation
#5> We continue to have a great relationship with Microsoft. Our stateless API will remain exclusive to Azure, and we will build out much more capacity with them.
This sounds a bit like going forward (some) OpenAI APIs will also run on platforms other than Azure (AWS)?
Anyone knows more?
Re: OpenAI raises $110B on $730B pre-money valuation
#6This 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.
Re: OpenAI raises $110B on $730B pre-money valuation
#7> We continue to have a great relationship with Microsoft. Our stateless API will remain exclusive to Azure, and we will build out much more capacity with them. This sounds a bit like going forward (some) OpenAI APIs will also run on platforms other than Azure (AWS)? Anyone knows more?
I guess Amazon would have a hard time justifying their investment if OpenAI remained Azure-exclusive...
Re: OpenAI raises $110B on $730B pre-money valuation
#8This 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
Re: OpenAI raises $110B on $730B pre-money valuation
#9Without circular investments and valuations what would Open AI be worth? 100B? 300B? Entirely on revenue alone it seems like 20B. Current valuation appears to be two orders of magnitude off.
Re: OpenAI raises $110B on $730B pre-money valuation
#10This should probably change to https://openai.com/index/scaling-ai-for-everyone/ which has more details. > Today we’re announcing $110B in new investment at a $730B pre-money valuation. This includes $30B from SoftBank, $30B from NVIDIA, and $50B from Amazon.
The tweet storm has a bit more substance
e.g. it talks about running NVIDIA's systems (?) on AWS
> NVIDIA has long been one of our most important partners, and their chips are the foundation of AI computing. We are grateful for their continued trust in us, and excited to run their systems in AWS. Their upcoming generations should be great.