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People said the same about Open AI in 2023, only valued at $30 billion at the time, and then seemingly overnight Chat GPT become a major commercial product riva
by paulpauper 1y ago
People said the same about Open AI in 2023, only valued at $30 billion at the time, and then seemingly overnight Chat GPT become a major commercial product rivaling Google. Or Tesla valuations in 2019. It went from a niche brand to Teslas everywhere after Covid. These VCs are not as irrational as commonly assumed. They know if a product gains critical mass , it can become everything.
- duxup 1y agoI'm not sure a couple successes makes sense of these numbers.
- lm28469 1y agoIt's still bleeding money with no profitability in sight, niche product or household name
- paulpauper 1y agosame again for Amazon, Tesla, Uber and others. Then they began making billions. Anthropic is not a niche anymore though. Same for Chat GPT.
- lm28469 1y agoAre they the exceptions or the rules, that's the question.
- Zigurd 1y agoThat's a pretty random selection. Amazon makes money. Uber is clawed their way back from the pit of doom of not having a viable business model and being led by a jackass. Tesla is a meme stock. At best these examples tell us nothing.
- anthem2025 1y agoAre you really trying to argue Tesla is fairly valued? In 2025? When their sales have nosedived, new products have flopped, their CEO is the most disliked man in America, and their self driving still requires someone in the car at all times? Tesla is a GameStop level meme stock.