Re:OpenAI Completes Deal That Values Company at $157B
by Yizahi on Wednesday October 02, 2024 @04:28PM
(#41724696)
It is speculated that a majority of those 10B is Azure cloud credits. Basically company scrip. You can't pay Nvidia in the scrip, or the city electricity department, or even the salary.
Previous to this, they had about ~10B (via MS), and they've been operating for about 2 years at this scale. Unless they got this $$$ like a week away from being bankrupt, which I highly doubt.
Note: I'm not arguing they're profitable.