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OpenAI looks to fill the funding gap with $6.5b of fresh investment and $5b credit (pivot-to-ai.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 22 points 1 month ago (1 children)

This $6.5 billion round will give OpenAI an alleged “valuation” of $150 billion, up from $86 billion earlier this year.

so pets.com had a valuation of $87 million (~$159 million adjusted for inflation) right before the market crashed, and that shit’s so radioactive capitalists still use it as an example of a shitty bubble business that never should have been valued that high cause who in their right mind thinks pet stuff online’s worth that much?

this next crash is going to be a fucking doozy isn’t it

[–] [email protected] 9 points 1 month ago

But but but the VCs and PE firms have a thesis or something!

I hope all these ghouls lose their shirts.