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Nah -- this sounds like Google buying YouTube or Android for billions while they were in their infancy but had proven tech. People did say at the time Google o
by s_dev 4y ago
Nah -- this sounds like Google buying YouTube or Android for billions while they were in their infancy but had proven tech.
People did say at the time Google overpaid but they were some of the wisest investments Google ever made.
I hope Microsoft don't buy them and OpenAI just becomes another FANG.
- moneywoes 4y agoThe google acquisition is a great comparison. Years from now it will look like a steal
- impulser_ 4y agoNo it's not. YouTube had a working product with a working business model. OpenAI has neither.
- mannerheim 4y agoI remember hearing that said about Facebook buying Instagram, too. In hindsight, one of the best decisions they made.
- rambambram 4y agoFANGO, then?
- belval 4y agoReplace the F from Facebook with the M from Meta and now we can have "MANGO" which is an acronym that would absolutely catch.
- ReptileMan 4y agoIt's a racial slur where I live.
- bavell 4y agoIt's a fruit where I live.
- optimalsolver 4y agoFor what group?
- ReptileMan 4y agoGypsy/roma
- optimalsolver 4y agoInteresting. What’s the connection?
- ReptileMan 4y agoThey are darker skinned than the rest of the population and the word itself is like a generic name for one of them. I guess it is some form of mutation of the Turkish word mangal which is something like barbeque or charcoal
- optimalsolver 4y agoThanks. Very interesting.
- BlueTemplar 4y agoThe problem is the N. Netflix does matter to you if you are working anywhere near software in the Silicon Valley, but is just not in the same tier as the rest of them. The opposite for the missing Microsoft. That's why the rest of the world uses GAFAM and not FAANG.
- rambambram 4y agoMade me chuckle, thanks.
- alphabetting 4y agoGoogle bought Deepmind for 2% of openai's current valuation before openai existed.
- bhouston 4y agoOr like when Microsoft invested $240M into Facebook back in 2007, which is one of the all time greatest corporate investments. Even after the massive correction, they still have a 22x return on the investment. https://www.vox.com/2017/10/23/16412108/facebook-microsoft-2007-investment-market-cap-chart https://www.vox.com/2017/10/23/16412108/facebook-microsoft-2... I wonder if they have cashed out their investment?
- hangonhn 4y agoEMC acquired VMware at $500 million and VMW later IPOed at $20 billion. So 40x in only a few years.
- deleted 4y ago[deleted]
- highwaylights 4y agoIt's like YouTube and Android I would think, but similarly, they didn't have a road forward independently. YouTube was burning a fortune on hosting costs and being sued out of existence when Google bought them. Android didn't have a monetisation path at the time, because the Play Store did not yet exist. I suspect the same is true of OpenAI currently. They've got some great technology, but are spending a lot of money servicing free queries right now, and don't really have a route to selling their product to the world and building revenue yet.