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OpenAI in Talks for Deal That Would Value Company at $80B
- aaraujo002 3y agohttps://archive.ph/9YLLz https://archive.ph/9YLLz
- 0xbadc0de5 3y agoCool infinite captcha loop.
- subeadia 3y agoThis only happens because you’re using Cloudflare DNS. Any other DNS will load the site just fine.
- cactusplant7374 3y agoWhy the problem with their DNS?
- sterlind 3y agowhat the hell? you're right, apparently. I'd set my router to use 1.1.1.1 a long time ago and forgotten about it. why does using cloudflare mess it up? how does that even work?
- radicality 3y agoThe people running archive refuse service to queries served by cloudflare dns.
- subeadia 3y agoIt’s very strange. I went down this rabbit hole a few months ago and this HN comment (https://news.ycombinator.com/item?id=19828702 https://news.ycombinator.com/item?id=19828702) was the best summary I could find of the situation. TLDR: archive.is doesn’t play nice with its DNS results and Cloudflare refuses to fix it on their end.
- jiggawatts 3y agoThis is the fault of archive.is — they’re using an outdated DNS load balancing approach that is inherently not robust. They’re mad at Cloudflare specifically but the reality is that there are many other similar failure scenarios. The mature thing to do would be to switch to something like anycast IP routing, which is robust against issues like this. I suspect the “problem” isn’t actually that big a deal to begin with, and the archive folks are making a mountain out of a molehill for philosophical reasons. In other words they hate Cloudflare and will find any excuse to start a fight.
- downWidOutaFite 3y agoIf this is nondilutive could MS buy up these shares and get >50% and gain control of the company? OpenAi probably sold way too cheap last round, MS's $10 billion could end up being the steal of the decade.
- AntonyGarand 3y ago> OpenAI is not issuing new shares. The deal would allow the company’s employees to sell their existing shares. Seems like there are no new shares being generated, this is good for MS and early investors
- rightbyte 3y agoHow could OpenAI possibly be worth 80 billion USD when Facebook offers a self-hosting alternative for free?
- AntonyGarand 3y agoComparing llama with OpenAI is like comparing a pixel 7 to Apple: They're somewhat related but it's much more than that. The model (iPhone) has some value, but the company itself and all its resource are worth more than the product they provide.
- SkyPuncher 3y agoHow do I run Facebook's at scale? How do I scale that on-demand?
- seydor 3y agomicrosoft bing offers chat that can read images and use your PDF files. As far as free offerings go, MS is better
- StableAlkyne 3y agoAnd the Bing chatbot runs GPT-4 under the hood, due to MS's sizeable investment into OpenAI
- matteoraso 3y agoSelf-hosting is difficult for average people, and it requires a GPU if you want decent inference speed.
- deleted 3y ago[deleted]
- zelly 3y agoYou’re joking right
- seydor 3y ago
- zeroCalories 3y agoI still haven't seen this tech do anything mind-blowing. Most of the programming stuff doesn't feel much fancier than a good IDE and a quick online search. I use it now and then for tweaking important docs, but that's about it. It kinda feels like another crypto hype meme that will just eat up time and money.
- moffkalast 3y agoIf literally solving the entire field of natural language processing and recently most of computer vision with GPT4V doesn't count as mind-blowing for you then I'm sad to say that I really doubt anything would ever convince you.
- Dig1t 3y agoYeah it's amazing from a Computer Science perspective, these are problems that have been unsolved for the entire duration of the field's existence.
- ska 3y agoBoth your claims are hyperbolic ... but your point is fair, there is obviously something useful there.
- moffkalast 3y agoThey are, but only slightly. If you asked me a year ago if I thought any of this would be possible next year I would've laughed like Gol D. Roger.
- deleted 3y ago[deleted]
- ska 3y agoI think it was pretty visible a few years ago, but not 10. And I think there is a lot left to do in both areas, but the jump in NLP capabilities is significant.
- jhp123 3y agoI don't see how its value has gone up since it was worth $20 billion, bullish signs are that it remains top of the heap among LLM companies and has managed to scale with demand. Bearish signs are that peak interest in LLMs is already over, AI search is not popular, hoped-for applications in software development and writing have not materialized, serious resistance to AI is already here with the WGA strike, Andreessen Horowitz is hyping it up. Edit: I think some of the people replying are not remembering what the hype was like around the time of OpenAI's last major fundraising. Social media feeds like Twitter, Reddit, and HN were absolutely swarming with LLM content. People were seriously saying that this technology was AGI. That it had human-level performance on many tasks and would soon replace working professionals. Serious analysts expected Microsoft's AI-powered search to cut into Google's market share, to such an extent that Google shares lost value. LLMs are still useful and may eventually be so useful that they even justify this valuation, but I just don't see how we are in a more hopeful world today, knowing that LLMs can not yet replace real professionals, that LLM-derived content was a short-lived fad on social media, that Google's marketshare is steady, etc.
- tempsy 3y agoIt hasn’t even been 1 year since mainstream awareness of AI started. Saying interest has already peaked seems premature especially when revenue is ramping so quickly.
- LASR 3y agoYeah exactly. AI has not had a killer app yet. It's like saying interest in the internet has peaked a year after it's considered to have been born ~1984.
- two_in_one 3y ago> Yeah exactly. AI has not had a killer app yet. It depends. In software development it looks to be a big thing already. And it's just half a year. As hobby projects I'm doing things that I even didn't think about because they require learning quite a lot. Those are different libraries that I need probably just once.
- paxys 3y agoTough spot for employees. Sell your shares now and make a tidy sum or take a risk and hope that the company is worth $800B one day?
- bionsystem 3y agoYou should never invest in your employer anyway, at least not if you can't hedge.
- riku_iki 3y agoI think evaluation grew like 4 times in a year, it is a good deal.
- icpmacdo 3y agoSell half your shares if possible?
- rvz 3y agoCorrect answer. Sell some, not all. At least it is a better situation than Stripe, which got very greedy at that $95B inflated valuation until it lost 50% of that with a massive downround. $80B - $95B for OpenAI seems already extremely overvalued and not taking into account for competition at all. $800B is just borderline nonsense at this point.
- ra0x3 3y agoProbably restrictions on sales even for early employees. Might be able to sale 25% of mature (exercised a few months ago) shares. Still will be a tidy sum for some though :)
- est31 3y agoHaving (almost) all of your net worth in one company is not a good general investment advice, especially if you are not already independently wealthy. That being said, there were people who got immensely rich by doing just that and keeping a lot of their net worth inside one company for a long time. In general though, one should rather try to diversify broadly. I suppose this round is mainly present to retain those employees who want to buy houses from their shares, as in big tech they would be getting, after vesting, highly liquid RSUs. The fact that the company leadership makes an entire round just for them shows what immense bargaining power they have.
- seydor 3y agohow about 80 Trillion? i thought the era of cheap money is done
- mushufasa 3y agoIs this a real article or is this something "leaked" to create a competitive investment round? Media savvy, folks
- riku_iki 3y agoyes, that source "informant" site distributes lots of click baity news in social media, and you need to buy subscription to read them.
- syngrog66 3y agohype bubble much?
- lyapunova 3y agoThe headline, the picture, the article --- it would be easier to take them seriously if they just made the tools work and stopped posing for band pictures. I am happy to have the tools, but the hype, the valuation, the "we have solved everything" mentality. It's just so offputting.
- jmeister 3y agoYou can’t have the former without the latter unfortunately. Freaks make the world go round. Nice guys merely shuffle after them.
- elforce002 3y agoListen, "Open"AI went from being research and openness to "for profit" using money specifically for the former. They are not to be trusted after this.
- pydry 3y agoI wonder if that's why it got worse. Companies run by people who do this type of thing often accumulate sand in the wheels.
- personjerry 3y agoThat makes them more valuable, not less