OpenAI Close to Finalizing Its $40B SoftBank-Led Funding | Hacker News Reader

OpenAI Close to Finalizing Its $40B SoftBank-Led Funding

bloomberg.com

17 pointssaeedjabbar16 comments

Amazing to think they could have acquired up to 100 medium/large companies with real products and real profits.

40B is not insane —- it’s Ludicrously Insane (a la Spaceballs)

It's amazing to think after the debacle of 2022 that Softbank still has any money left.

It doesn’t, I believe it’s borrowing a large portion of it.

> Japanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, posting a steep quarterly increase after swinging back to black in the three months to June.

> The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings, in which it owns a sweeping majority stake of around 90%.

https://www.cnbc.com/2024/11/12/softbank-earnings-q2-2024.ht...

Didn’t they also invest $16B in WeWork?

Is it me or does every time SoftBank get involved in anything it is a clear sign of bubble and oodles of over valuations where early folks get bailed out and later ones are left holding the bag? I'm not even talking about wework. Others who SB invested in saw a crater in valuation after IPO and had to spend years recovering.

I think OpenAI has caught the non tech mind share. I noticed just this week that my friend group and girlfriend no longer say we will Google something, but rather let me ask ChatGPT…

It is pretty funny how such a clumsy programmer-name ended up catching on regardless. At this point even if they move on to a totally different model architecture they'll have to keep calling it GPT forever because that's the name everyone knows.

ChatGDP? Yeah I use it

Chatgpt is going to be more like "jeep". My relatively old grandma just calls all SUVs jeeps. Meanwhile, she doesn't even drive an SUV.

I doubt anyone from gen Z, or any gen, really, is entrapped to chatgpt. They'll all just use what is easiest and requires the lowest amount of input energy to get a semi passable output.

Yeah, I even sometimes use "ChatGPT" to refer to the general concept when talking to friends and family.

So the Japanese Government for a brief moment has the power to bring down the AI hype

That’s an insane amount of money. What is open AI cooking behind the scenes?

The books

let's see if the "mega round by softbank" as sell signal is still valid

softbank is once again the dumb money on the poker table. just like wework.

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