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OpenAI closes funding round at an $852B valuation

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

#4
No mention of "AGI" this time. Since we all knew it was a scam. But this is the most damning of them all:

> The OpenAI flywheel is simple. More compute drives more intelligent models. More intelligent models drive better products. Better products drive faster adoption, more revenue and more cashflow.

FTX had a "flywheel". It fell off. Being saddled with hundreds of billions of debt makes this situation ten times worse.

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

#6
> The OpenAI flywheel is simple. More compute drives more intelligent models. More intelligent models drive better products. Better products drive faster adoption, more revenue and more cashflow. That gives us the ability to reinvest and deliver intelligence more efficiently to consumers, enterprises, and builders around the world.

-x-

In short, the musical chairs are still playing... Keep on walkin' round, y'all, till the music stops.

/s

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

#7
I'm old enough to remember when companies worth $1 billion were called "unicorns." Now we have a company raising 122 times that? Valued at nearly 1000 times that...?

At least they're throwing consumers a bone via the ARK deal. It's crazy how little AI exposure is available to anyone who isn't already wealthy and/or connected.

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

#10

[flagged]

You should consider taking a break from LLMs. They are misleading you.

personal estimation too, the motivation was to create somethin faster than a transformer since transformers were absurdly slow on my cpu - and it's very obviously faster. I get it llm hype you ad adfinitum regardless...
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