4 ms·

Irrelevant at this stage.

by mgfist 1y ago

KerrAvon 1y ago
the problem with the post-dotcom market in a nutshell. everything’s a bubble. bubbles have more durability now. until they don’t.
- mgfist 1y ago
  Sure, but this mentality always would result in missing out on the trillion dollar companies that followed these types of growth curves. Surely you must understand that prioritizing growth over profit makes economic sense in the long run for a company like OpenAI.
  - Barrin92 1y ago
    >prioritizing growth over profit makes economic sense in the long run only if you have a believable plan on how to reverse that, selling 2 dollars for 1 dollar isn't a business model and no amount of praying for the future is going to change that
    - ath3nd 1y ago
      Mathematics don't matter. It's about what your guru of choice on X tells you to believe in.
    - mgfist 1y ago
      People have said the same about all the big tech companies and now they all print cash and are worth trillions. Will it happen? Who knows. If investing was easy to predict we'd all be very rich ..
ath3nd 1y ago
I like how you are thinking. When hype is involved, why should one bother with facts, timelines and reality. Great, stable and successful companies like Enron, Wirecard, Theranos, FTX and WeWork are prime examples of that. Note: I am not saying OpenAI is a fraud like the above, just saying that their valuation is as divorced from reality as Zuck's "Superintelligence is behind the corner" comment last week. Their models are not largely better than other competitors', they haven't cornered the market, they are burning through money with no profitability in sight, Anthropic just cut their access to Claude (not relevant, just funny). Come on, their most recent product announcements were: - an office suite: https://www.computerworld.com/article/4021949/openai-goes-for-microsofts-jugular-its-office-productivity-suite.html https://www.computerworld.com/article/4021949/openai-goes-fo.... - a restricted, less powerful (hide-the-spoilers) version called "Study Mode": https://openai.com/index/chatgpt-study-mode/ https://openai.com/index/chatgpt-study-mode/ It's just...there is nothing going on for them at the moment. The valuation is just wishful thinking, if we are looking at the facts. We live in a crazy world, all one can do is buy some popcorn and enjoy the shitshow.

Irrelevant at this stage.

by mgfist 1y ago

Irrelevant at this stage.

the problem with the post-dotcom market in a nutshell. everything’s a bubble. bubbles have more durability now. until they don’t.

mgfist 1y ago
Sure, but this mentality always would result in missing out on the trillion dollar companies that followed these types of growth curves. Surely you must understand that prioritizing growth over profit makes economic sense in the long run for a company like OpenAI.
- Barrin92 1y ago
  >prioritizing growth over profit makes economic sense in the long run only if you have a believable plan on how to reverse that, selling 2 dollars for 1 dollar isn't a business model and no amount of praying for the future is going to change that
  - ath3nd 1y ago
    Mathematics don't matter. It's about what your guru of choice on X tells you to believe in.
  - mgfist 1y ago
    People have said the same about all the big tech companies and now they all print cash and are worth trillions. Will it happen? Who knows. If investing was easy to predict we'd all be very rich ..

ath3nd 1y ago

I like how you are thinking. When hype is involved, why should one bother with facts, timelines and reality. Great, stable and successful companies like Enron, Wirecard, Theranos, FTX and WeWork are prime examples of that. Note: I am not saying OpenAI is a fraud like the above, just saying that their valuation is as divorced from reality as Zuck's "Superintelligence is behind the corner" comment last week. Their models are not largely better than other competitors', they haven't cornered the market, they are burning through money with no profitability in sight, Anthropic just cut their access to Claude (not relevant, just funny). Come on, their most recent product announcements were: - an office suite: https://www.computerworld.com/article/4021949/openai-goes-for-microsofts-jugular-its-office-productivity-suite.html https://www.computerworld.com/article/4021949/openai-goes-fo.... - a restricted, less powerful (hide-the-spoilers) version called "Study Mode": https://openai.com/index/chatgpt-study-mode/ https://openai.com/index/chatgpt-study-mode/ It's just...there is nothing going on for them at the moment. The valuation is just wishful thinking, if we are looking at the facts. We live in a crazy world, all one can do is buy some popcorn and enjoy the shitshow.