OpenAI investors keep pushing for Sam Altman’s return

Re:OpenAI investors keep pushing for Sam Altman’s return by 3cats-in-a-coat on Tuesday November 21, 2023 @04:09PM (#38370164)

You learned the wrong lesson. Twitter is dying and operating at a significantly degraded level, including moderation, content filtering, ad positioning, which caused a third or fourth mass advertiser exodus just few days ago.

Also. Leading the world in revolutionary AI is not exactly like maintaining a pre-existing message app.

Twitter:

- Had 7500 employees before Musk fired most of them.

- Now 1300, of which 550 are full-time devs.

- That's a company valuated at less than $16 billion currently, and losing about $2 billion a year.

OpenAI:

- Has 700 employees, including world-leading scientists and researchers that are practically irreplaceable.

- If they resign, it'll have 14 employees.

- For a company that before Sam Altman was fired was valuated at $90 billion.

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[dead]

Re:OpenAI investors keep pushing for Sam Altman’s return by 3cats-in-a-coat on Tuesday November 21, 2023 @04:40PM (#38370654)

I've pretty good ways to know that.

- The puffed-up internal valuation of the company (for employee stock options) is $19 billion.

- There's a $15 valuation is by an independent financial services company (Fidelity).

- Elon saved ~$2 billion by firing a lot of his workforce (and closing one datacenter), but also...

- Lost over $3 billion out of $5 billion ad-revenue a year ago.

- And added $1 billion of interest payments (per annum) on a $13 billion loan.

- Twitter was roughly break-even prior.

    5B - 5B + 2B - 3B - 1B = -2B / annum

The monetization (Premium etc.) are not even making up for 1% of that. Do you need the math on that too?

There's nothing controversial in what I'm saying. This is pretty much the actual situation.

[ Parent | on HN ]