4 ms·
Ya I think they probably will, but "the chatgpt company" is not worth 157B. It might not even be worth 1B.
by bloppe 2y ago
Ya I think they probably will, but "the chatgpt company" is not worth 157B. It might not even be worth 1B.
- josu 2y agoIt has replaced ~50% of my Google searches.
- silisili 2y agoYes but it also hasn't been attacked by ads yet. Google doesn't suck for lack of search results, it sucks because of ads. Imagine asking chatgpt to tell you about slopes in Colorado, and the first five answers are about how awesome North Face is and how you can order from them. You probably wouldn't use it as much.
- jeffhuys 2y agoLocal models are GOOD as well, and easy to use (ollama + open web ui). OpenAI has to perform a huge trick in order to stay relevant.
- rajamaka 2y agoDoes ChatGPT need ads, I feel as though people are willing to pay for the service much more than people are willing to pay for a Google search.
- lobsterthief 2y agoYes but remember we’re in a tech bubble and the average person still doesn’t know what ChatGPT is.
- weatherlite 2y agoNot worth 1B ? Come on man. I see them improving the tool enough for most people willing to pay 50$ a month for a subscription. And for most companies to be willing to pay 300$ per employee. It's perhaps not there yet but I'm sure they'll reach this amount of value for their offering. It remains to be seen what competition will do to the prices though.
- lizzas 2y agoDepends on the competition of course. They need an edge to stop me going to the bald guy and running it there.
- aprilthird2021 2y agoThe market of people willing to pay $50 a month for OAI vs $0/month for one of the open source LLAMA variants is not large enough to justify their current valuation, imo
- weatherlite 2y agoI'm not that familiar with the open source ones - how good are they in comparison?
- bloppe 2y agoIt doesn't really matter how much people are willing to pay. It matters how much margin the market will allow you to charge. OpenAI may be a bit better than most competitors most of the time (IMO they keep getting leap-frogged by Anthropic et al. though), but if your customers can get 90% of the value for 50% less, they will bail. There is no moat. Margins will be razor thin. That's not a 1B+ company.
- weatherlite 2y agoI think the difference between 90% and 95% is huge. As a coder, if the LLM is wrong 10% of the time that's pretty bad, I can't really trust it. If it's wrong 5% of the time, still not great but much better - I'd pay much more for that kind of reliability improvement.
- lumost 2y agoId be hard pressed to come up with a valuation under 30B based on the publicly known finances. OpenAI is certainly crushing the metrics of other highly valued startups like snowflake and databricks. The cash burn and claim of imminent agi is where the valuation trouble could be.
- dmix 2y agoWe’ve barely seen the first wave of companies being built of their APIs too. The billions being put in thousands of startups will take around 5yrs to hit full scale.