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This is quite stunning. OpenAI valuations are quoted as $3B. Stability AI just popped up6 months ago and is able to raise rounds in very tough economy at $1B va

This is quite stunning. OpenAI valuations are quoted as $3B. Stability AI just popped up6 months ago and is able to raise rounds in very tough economy at $1B valuation. The real differentiator between two is that Stability AI has took upon itself to o democratize AI ignoring all social wokness and thereby multiplying their efforts many manifold through community labor. OpenAI meanwhile is still deeply caught up in all kind of social/ethical/philosophical delima as well as Apple-isc secrecy as devotional offerings to Steve Jobs. With this level of funding and community following, Stability AI is en route to dethrone OpenAI in almost no time.

newaccount2021 4y ago
both numbers are total BS I'd love to see the SEC start requiring VCs to underwrite these idiotic "valuation" numbers...you say its worth $1 bln, you need to be prepared and required to potentially buy back pre-IPO shares from invested parties at that valuation now watch those values drop, rapidly did we not learn anything from Uber being "valued" at $150bln?
- miohtama 4y ago
  The job of the SEC is not tell if a stock price is too low or too high. The SEC’s can only protect investors by ensuring companies do not lie. At the moment the SEC starts to decide something is too expensive then the stock market effectively becomes socialism. It should be everyone’s own resposibility to decide if they invest in something and also be prepared to take losses on that investing. There cannot be investing without the risk taking aspect. Whoever invested in Uber at too high valuation should bear the resposibility of losses of their investment.
learndeeply 4y ago
Microsoft invested $1B in OpenAI in 2019, the valuation is probably somewhere in the neighborhood of $5-20B.
- hackerfromthefu 4y ago
  Wasn't that only in Azure credits or somesuch?
TheRealNGenius 4y ago
miohtama 4y ago
In the articlr it says Stability AI was founded 2 years ago, so they are not popping out from nothing.

newaccount2021 4y ago

both numbers are total BS I'd love to see the SEC start requiring VCs to underwrite these idiotic "valuation" numbers...you say its worth $1 bln, you need to be prepared and required to potentially buy back pre-IPO shares from invested parties at that valuation now watch those values drop, rapidly did we not learn anything from Uber being "valued" at $150bln?

miohtama 4y ago
The job of the SEC is not tell if a stock price is too low or too high. The SEC’s can only protect investors by ensuring companies do not lie. At the moment the SEC starts to decide something is too expensive then the stock market effectively becomes socialism. It should be everyone’s own resposibility to decide if they invest in something and also be prepared to take losses on that investing. There cannot be investing without the risk taking aspect. Whoever invested in Uber at too high valuation should bear the resposibility of losses of their investment.

learndeeply 4y ago

Microsoft invested $1B in OpenAI in 2019, the valuation is probably somewhere in the neighborhood of $5-20B.

hackerfromthefu 4y ago
Wasn't that only in Azure credits or somesuch?

TheRealNGenius 4y ago

miohtama 4y ago

In the articlr it says Stability AI was founded 2 years ago, so they are not popping out from nothing.