OpenAI looks to fill the funding gap with $6.5b of fresh investment and $5b credit
OpenAI looks to fill the funding gap with $6.5b of fresh investment and $5b credit
Saving the world from the AI you’re creating is expensive work. Sam Altman’s OpenAI is looking to patch its massive cash deficit with a fresh $6.5 billion from investors. [Bloomberg, archive] OpenA…
This $6.5 billion round will give OpenAI an alleged “valuation” of $150 billion, up from $86 billion earlier this year.
so pets.com had a valuation of $87 million (~$159 million adjusted for inflation) right before the market crashed, and that shit’s so radioactive capitalists still use it as an example of a shitty bubble business that never should have been valued that high cause who in their right mind thinks pet stuff online’s worth that much?
this next crash is going to be a fucking doozy isn’t it
But but but the VCs and PE firms have a thesis or something!
I hope all these ghouls lose their shirts.
Unlike uhhh... some pet stuff? AI can disrupt and change a whole lot of things, and already does. I know Lemmy is super anti AI, but it begin valued high makes perfect sense, given that if the past 3 years in LLM improvements keep going it will drastically change things. But when with the current GPT 4o it is pretty already.
Sorry about your face.
sorry about your posts
what on earth kind of post is this
The picture at top of the blog post is Sam Altman, the guy saving the world from the AI he is creating.
And yeah, he looks like that.