OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after
  • FIash Mob #5678
    17•7 months ago

    A 100+ billion dollar valuation.

    Absurd.

    It’s just as absurd as when WeWork got a 40 billion dollar valuation.

    These VC’s are insane and should be paying a high-as-fuck tax rate instead of having a bazillion dollars to drop on boondoggles.