today at 3:35 PM
This valuation is a function of early accumulation of compute. They could rent it to Anthropic, or poach more Anthropic engineers.
today at 3:48 PM
Not sure how long you'll be able to sell compute to anthropic for. They are constrained right now but they have an insane pipeline of take or pay contracts, and if those are delivered they'll be drowning in compute in a couple of years time.
today at 4:00 PM
Anthropic has a higher valuation than OpenAI.
today at 3:28 PM
How many companies have a public market valuation over 1T, that seems like a lot
today at 3:45 PM
About 14:
Apple ($4.98T), NVIDIA ($4.51T), Microsoft ($3.94T), Alphabet ($3.49T), Amazon ($2.80T), TSMC ($1.95T), SpaceX ($1.82T), Saudi Aramco ($1.69T), Meta ($1.56T), Tesla ($1.42T), Broadcom ($1.40T), Berkshire Hathaway ($1.22T), Eli Lilly ($1.21T), (Walmart ($0.996T))
today at 4:07 PM
I remember Apple being the first ever one-trillion-dollar company in the world. It was in 2018.
today at 3:33 PM
It's cheap if you buy the story that they're building a digital god to rule us all.
today at 3:58 PM
1T isn‘t what it used to be. Inflation is exponetial.
today at 3:33 PM
The story here is that Sam wanted to raise a lot more, but could not. Investors almost certainly want to see how the Anthropic IPO plays out before deciding whether to keep showering these companies with money.
today at 3:40 PM
Valuation wouldn’t hold if public. He couldn’t raise the 30B he wanted. I’m not sure how much runway OpenAI has, but sounds like a similar to Anthropic story with valuation likely if in the public markets declining.
today at 3:36 PM
Sam raised a $100B in previous round. I think a direct listing ipo would see their valuation go up to $4T, and then they could do some at the market sales as needed.
today at 4:03 PM
They didn't actually raise that 100 billion fully, tranches were contingent on different factors, some of which haven't even been hit yet.
today at 3:48 PM
why not just value it at 40T if we're all just throwing numbers randomly
today at 3:52 PM
[dead]
today at 3:50 PM
They wanted to raise 20 billion "from family offices and high net-worth individuals", i.e., fleece the Saudis again but failed:
https://www.wheresyoured.at/running-dry/
They got a bit of pocket change at this insane valuation.