Re:OpenAI Completes Deal That Values Company at $157B
by JumpCrisscross on Wednesday October 02, 2024 @07:31PM
(#41725906)
> OpenAI has two years to transform into a for-profit business or its funding will convert into debt
Last I saw, the whole thing was convertible debt with a $150bn cap. I’m not sure if they swapped structures or this is some brilliant PR branding the cap as the heading valuation.
Last I saw, the whole thing was convertible debt with a $150bn cap. I’m not sure if they swapped structures or this is some brilliant PR branding the cap as the heading valuation.