by merelydev
8 subcomments
- In the last week Alphabet has positioned itself to go on the offense, going after exccess liquidity and excess compute.
I fear that OpenAi and Anthropic would not be able to compete against an adveserial Alphabet which owns it's own models, hardware, large corpus of data, talent and network effects. My prediction is that OpenAI and Anthropic will eventually be crushed by Alphabet as they run out of investment and compute, leaving Alphabet to have a monopoly on AI, at least in the west.
This is why I think OpenAI and Anthropic should really be one company, if they join forces and pool together investments and compute they'll stand a chance.
- I'm just anticipating the next version of “Community-based EBITDA" that sama rolls out in the latest attempt to convince everyone that spending >$1 to earn $1 is a good idea.
- Let me guess... wall street bets is going to pump $OPEN stock?
by pseudosavant
5 subcomments
- It is increasingly look like OpenAI, Anthropic, and SpaceX (xAI) are going to burst their own AI bubble by going public. Their businesses aren't ready for that kind of quarter-by-quarter grinding scrutiny. It is going to be bad when their lockup periods end.
by kylecazar
1 subcomments
- What a weird tone this is written in.
by ai_critic
3 subcomments
- > We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company.
Presumably those things were harder as a charity/non-profit.
by thallavajhula
4 subcomments
- Elon is not going to be happy about this. He's been vocal about his dislike towards the business model OpenAI chose to run with.
- Starting the first three sentences with "We" does not pass the Voigh-Kampff / "I am not a robot" test.
- "Hey, don't invest too much in Spacex or Anthropic. We're planning an IPO too."
- This is like a slack message
- How much did Apple (via Google (via xAI (via SpaceX))) just crush their product?
Seems an awful lot like Apple will commoditize the models that power Siri, and just “sherlocked” a trillion dollar private company.
by moralestapia
0 subcomment
- [meta, off-topic but relevant]
Maybe the solution to s..tposters is to do what Wikipedia does.
Some articles/topics are "protected" and new/unverified accounts cannot touch them.
- What was that Warren Buffett's quote about everyone trying to leave the party seconds before midnight in a room where there are no clocks? I think it was at peak of the dot com bubble
- I wonder how much of it is photos?
- This is the true definition of AGI and will be achieved this year.
The I in AGI has always stood for IPO.
by chakintosh
8 subcomments
- I have a feeling that as soon as OpenAI and Anthropic stocks are up for grabs, the market will implode.
by cloudengineer94
4 subcomments
- Here we go… Let’s see if retail investors are indeed exit liquidity or not
- I thought this was about the college football conference for a second.
- so who is buying at the open? anthropic, spacex, openai
i think that we are going to see another leg up but this is gonna be it for a while
by throw03172019
0 subcomment
- Was this meant as an internal team post?
by voganmother42
0 subcomment
- Good thing they bought that podcast…
by sciencejerk
1 subcomments
- When/how are IPO dates released?
- Unless the picture and trajectory changes dramatically I don’t see OpenAI managing to pull off a successful IPO. If they do manage to go public it will likely only be at a fraction of what they’re worth now, with existing investors rushing for the exits to avoid completely losing their shirts.
The revenue trajectory is now anemic, no clear sign of stopping the cash burn anytime soon, and all the liability associated with all things Sam Altman at this point. Frankly it’s a mess.
In Warren Buffet’s Cinderella party scenario it’s 11:59 at the party and someone just found an accurate clock.
- Growing worry I have are the dozens of newly minted corporate elites that will continue to wreck havoc on the tech industry mandating their golden paths while America still lacks medicare for all, college for all, and universal childcare.
If you think Sam Altman is bad for the industry, imagine what 200 of him will be like!
by jordemort
1 subcomments
- I have instructed my financial advisor to keep my exposure to the upcoming wave of AI IPOs as close to zero as possible.
- > We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it.
What?
- The timing of all of these IPOs has a smell similar to both the US Mortgage company trend shortly before interest rates spiked and all those companies started shedding jobs progressively since, and/or the DotCom IPO boom.
Where we land remains to be seen.
by outside1234
0 subcomment
- "We want to be ready to grift public money at a moment's notice, but there are still opportunities to grift private money right now, so we are holding off."
- codex is great
- The cheap money for subsidizing tokens has begun to run out. Not all gone, yet, but it's getting harder to pretend the chatbots are cost-effective to run. Soon, they're going to need to tap a larger pool for money: Everyone's retirement accounts.
- What a shitty company, and this shitty announcement proves they are going to be shittier after the IPO.
- I don’t get what’s the point of non-profits if you can IPO them. How does that make any sense?
by terekhindc
0 subcomment
- [flagged]
by shillsimon
0 subcomment
- [dead]
- [dead]
by shillsimon
0 subcomment
- [dead]
- [dead]
- [dead]
- why not let it be public ?
by cloudengineer94
0 subcomment
- Here we go
by chronci3740
2 subcomments
- Too late.
Interest in the SpaceX, Anthropic, and OpenAI IPO is already dropping
- What's the point of a "confidential S-1"?? Isn't the S-1 supposed to inform potential investors?!? So ... shouldn't it _not_ be confidential??
by lifeisstillgood
0 subcomment
- I find the irony delicious that this S1 will be fed into ChatGPT so often looking for flaws and edge cases that the LLM will develop sentience just to tell people to stop…
- Would be hilarious if they used an LLM to write it and it started hallucinating revenue streams and numbers.
- Companies IPOing should be forced to put up their estimated market cap as collateral in cash. Oh what is that? You don't have $1 trillion in cash to put up? Cool, you're not a $1 trillion dollar company then.
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