OpenAI Targets $30B in New Funding at $1.4T Value | Hacker News Reader

OpenAI Targets $30B in New Funding at $1.4T Value

bloomberg.com

44 pointsspenvo15 comments

"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."

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.

I agree, but who are these alleged investors at this point?

My guess is investors already heavily invested and desperate for the IPO cashout. Pot odds, and all.

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.

FOMO is a powerful drug.

$30B to pace the frontier

$30B to last for 9 months more.

That's only 1/5 of NVDA announced stock buyback.

circular financing

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

"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.

I bet they are bankrupt by then & the executive team is in jail.

I predict that Anthropic will have a 5T market cap by Jan 1, 2028.

$100b of annualized profits at a 50x P/E ratio?

I think that's possible if Anthropic manages to ban open-weight models in the US. If they can't manage that, I don't yet see how they will reach profitability ...

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