Re:Elon Musk-Led Group Makes $97.4B Bid for Control of OpenAI
by slama on Monday February 10, 2025 @08:18PM
(#43007764)
OpenAI is currently in talks to raise at a $340B valuation.
https://techcrunch.com/2025/01/30/openai-said-to-be-in-talks...
You can't just say things like this without justification. The last raise was in October, at $157B. Did OpenAI, the hottest startup in history, give away equity at a discount?
Now, since that time, has the value gone up or down? We now know they have serious technological competition and are losing lots of money.
I think the product is great, but they aren't worth limitless amounts of money.