OpenAI in Talks to Raise as Much as $100B(www.nytimes.com)
11 pointsby xnx5 hours ago3 comments
  • marysminefnuf4 hours ago
    The company has done nothing but raise money off of tech that can be mathematically described as a magic trick. Its a literal scam.
    • seanmccann3 hours ago
      They've built one of the most successful products in the last decade. It has significantly changed jobs like software engineering in the span of 9 months.
      • thenaturalist3 hours ago
        Successful by what metric?

        Surely not money, because why else would they be raising again and again and again to plug their cash outflow?

        • credit_guyan hour ago
          Because, fundamentally, their biggest competitor is Google. A company with a market cap north of 4 trillion. If OpenAI does not spend hundreds of billions of dollars on datacenters, people will migrate to Google, little by little, and OpenAI will became a new Netscape story. A good product eliminated by an incumbent with infinitely deep pockets.
          • falloutx22 minutes ago
            People are gonna move to google anyway, because Google can keep the gravy train running for much much longer. OpenAI's business model is totally reckless while Google is a cash rich company.
          • thenaturalistan hour ago
            People will migrate to Google in light of OpenAI's inability to build anything that makes people want to stay with OpenAI, wouldn't you say?

            And, given we're here on HN, have we thrown words like "moat" and "risk" around?

            If OpenAI is incapable of building anything that can't be easily copied by a third party, what's their justification for existing?

  • thenaturalist3 hours ago
    "Just another 100 billion and then we'll have [AGI | replaced all software engineers | cured cancer | INSERT LOFTY IMAGINATIVE HYPERBOLE].

    This time for real!

    Trust me, bro!"

  • al3xisb3 hours ago
    Ponzi