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I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valua
by RcouF1uZ4gsC 2y ago
I think this is actually a signal that the AI hype is dissipating.
These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive.
I think this is a pretty reasonable take.
- letitgo12345 2y agoThis might be the largest seed round in history (note that 1B is the cash raised, not the valuation). You think that's an indication of the hype dissipating?
- Barrin92 2y agoAt the height of the Japanese economy in the 80s the about 2 square miles of land on which the Imperial Palace stood were worth more than all property in California. Clearly a brilliant moment to get into Japanese real estate!
- siva7 2y agoTell me you don't understand what those numbers mean without telling me you don't understand..
- duxup 2y ago$1B doesn't seem like "dissipating" to me ...
- vidarh 2y agoA valuation at seed mentioned to possibly be in the region of $5bn means that these investors expect there's a reasonable chance that this company, which at this point will be one among many, might become one of the largest companies in the world as that's the kind of multiple they'd need given the risks of such an early stage bet. That doesn't sound like the hype is dissipating to me.
- jejeyyy77 2y agolol wat
- cootsnuck 2y agoLol good one.
- joshmarlow 2y agoCan you explain your reasoning? To many these numbers seem to suggest the exact opposite.
- gbnwl 2y agoWhat numbers and what valuation at seed round would indicate to you that they did consider it world changing and disruptive?
- acomms 2y agoExplain why you think $1B at $5B valuation isn't overvaluation? This strikes me as over-indexing on Ilya + teams ability to come up with something novel while trying to play catch-up.