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    1. Just_the_nicest_guy on

      This bullshit again.

      >[Companies already invested in OpenAI have made conditional commitments to invest more in a deal that raises the book value of their previous investments.]

      I sold a grain of sand to my best friend for a dollar. Now my kid’s sandbox is worth billions.

    2. >“Moments like this do not come often,“ OpenAI said. „The capital being deployed today is helping build the infrastructure layer for intelligence itself. Over time, that value will flow back into the economy, to companies, to communities, and increasingly to individuals.“

      It will flow back to short sellers perhaps.

      That ~$24b in annual revenue would terrify me as an investor. What do they think will come first: OpenAI’s revenue exceeding their costs, Anthropic taking all of their business or open weights models that run on-prem getting so close to SOTA models that their business implodes.

    3. How exactly are they going to make money?

      The second they raise the subscription prices their user base will fall right the fuck off.

    4. hoodlumonprowl on

      Just making this shit up as they go. Sure, why not valued at $100 trillion. Cue Dr Evil.

    5. I can already download a free Chinese knock-off and put it on a 200 dollar appliance machine and query till my hearts content – that’s the business model they’re already competing against.

    6. ExtremelyHistorical on

      I wish companies were just as interested in curing Cancer as they are in AI.

    7. This will come crashing down. They have 0 moat. Claude is the defacto work tool, Gemini is the defacto search tool. All they’ve got is the initial user base from chatgpt. Once people switch there’s no incentive to come back

    8. ouatedephoque on

      $852B valuation on $20B of revenue and no profit in sight for many years. This is fucking crazy.

    9. As Highlander says, in the end there can be only one. That one will be valued high and everything else will be ford.

    10. AlchemistStocks on

      Huge hyper-evaluations happening across these Tech Technologis and other industries. And when things get worse then we would have to face huge-hyper crashes in the market. All while they bank the money now and let us burn in the back burner. This is insanely dangerous and dumb as Fuck.

    11. Mysterious_Cry41 on

      Money isn’t even real anymore.

      Tesla has sold less than 10 million cars ever, and Americans hate EVs yet they are worth more THAN Ford, Honda and Toyota COMBINED. 

      Its fucking insanity. We’ve all bought into this bullshit system that amounts to rich people gambling on the speculative value of a company, totally removed from any real economic performance.  It’s just vibes now. 

      The idea was originally that you FUND a company with stock purchases.  They go public. They offer stock, you buy stock. They use that money. Ideally you got divedends, and/or the stock value increased because of companies performance. 

      Now it’s just nonsense, chasing theoretical infinite growth in a objectively finite world. 

      The thing is, lots of people know this now, but none know what to do about it.   So we just keep investing in the same bullshit system. Tying our very retirement and security to the very system thst should be dismantled because it’s just a lost cause now. There is to much interia, and too much power concentrated in the hands of a few people. 

      And of course we still do have millions of people who sincerely believe they are one good idea away from being themselves a millionare and billionaire, so therefore they need to look out for their future interests. Of course. 😂 

    12. relevant__comment on

      I feel like Enron got in trouble for playing this numbers game. Yet, here we are…

    13. redvelvetcake42 on

      Don’t forget Theranos, having no real technology of value or use, was valued at $10B in 2015 and it collapsed to 0 a year later. Chatgpt is worth something but not that. This is venture capitalists thinking all their money will be magically returned to them by this administration.

    14. I really can’t wait for the arse to fall out of this market. Like VR metaverse nonsense

    15. nousrnamesleft69 on

      Valued at is very different to actual value. Valued at is wishful thinking…. Actual value is adding up their assets. Which as far as I can see is fuck all. 

    16. BajaRooster on

      Fake numbers and still only half that of a defunct car company with no new viable products and ruined brand name.

    17. Excellent_Spend_2024 on

      How is this not illegal? What income do they have outside of investors thst would make this company worth that much? It’s impossible unless there’s fraud.

    18. Am really questioning if we could eradicate world hunger with this kind of money wouldn’t that be more worthwhile than trying to eradicate people?

      Starting to doubt American capitalism is really the solution…

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