OpenAI Targets $30B in New Funding at $1.4T Value(www.bloomberg.com)

30 pointsby spenvo5 hours ago5 comments

throwa3562624 hours ago
"We only need a few more billions to ensure humanities extinction. Which we really really don't want to do. But please give us the money anyway otherwise Jensen may decide he loves Anthropic more."
etempleton3 hours ago
To keep raising money at this point, after all the money already raised and ahead of a seemingly imminent IPO should tell everyone everything they need to know about the state of their finances. I can’t wait to read OpenAI and Anthropic’s S1s.
- pigeons3 hours ago
  I agree, but who are these alleged investors at this point?
  - lubujackson2 hours ago
    My guess is investors already heavily invested and desperate for the IPO cashout. Pot odds, and all.
    etempleton27 minutes ago
    I agree. These investors are already completely exposed. Their only way out of the hole is to dig themselves deeper and wait for 60 days or whatever after IPO to recoup their investment.
    It is also why they are valuing themselves so high. They need it to be that high. To return value to shareholders.
  - zamalek3 hours ago
    FOMO is a powerful drug.
bix64 hours ago
$30B to pace the frontier
- ekjhgkejhgk2 hours ago
  $30B to last for 9 months more.
- jgalt2123 hours ago
  That's only 1/5 of NVDA announced stock buyback.
downrightmike5 hours ago
circular financing
simianwords3 hours ago
I made a bet with a guy on HN that the market value of OpenAI + Anthropic would get to at least 2.5T by 2027. I think I'm on track to winning.
https://news.ycombinator.com/item?id=48517353
- perfmode12 minutes ago
  I predict that Anthropic will have a 5T market cap by Jan 1, 2028.
- rwmj2 hours ago
  "Market value" so that's after they IPO then? Because before the IPO, and even for a while after, they're simply making up numbers.