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Nothing you said helps with the issue of valuation. Yes, the US models may be better by a few percentage points, but how can they justify being so costly, both
by coliveira 11mo ago
Nothing you said helps with the issue of valuation. Yes, the US models may be better by a few percentage points, but how can they justify being so costly, both operationally as well as in investment costs? Over the long run, this is a business and you don't make money being the first, you have to be more profitable overall.
- ben_w 11mo agoI think the investment race here is an "all-pay auction"*. Lots of investors have looked at the ultimate prize — basically winning something larger than the entire present world economy forever — and think "yes". But even assuming that we're on the right path for that (which we may not be) and assuming that nothing intervenes to stop it (which it might), there may be only one winner, and that winner may not have even entered the game yet. * https://en.wikipedia.org/wiki/All-pay_auction https://en.wikipedia.org/wiki/All-pay_auction
- coliveira 11mo ago> investors have looked at the ultimate prize — basically winning something larger than the entire present world economy This is what people like Altman want investors to believe. It seems like any other snake oil scam because it doesn't match reality of what he delivers.
- saubeidl 11mo agoYeah, this is basically financial malpractice/fraud.
- ycombigrator 11mo ago[dead]