Comment on OpenAI eyes world’s largest valuation for private company in stock sale talks
panda_abyss@lemmy.ca 7 months ago
The GPT5 launch would give me pause if I were a prospective investor
They’re still losing money, performance is only increasing marginally, and that launch looked like it had no validation or due diligence. Plus Meta is trying to siphon off their employees with offers of 10s of millions of dollars.
Anthropic has mostly taken over the dev space, GPT is lagging on MCP and tool ineroperabilitiy locking them behind a paywall with limited use…
Then the CEO comes out and days they’re in a bit of a bubble, but want half a trillion dollars to make more capital expenditures.
Unless the design of chips dramatically changes the economics are borderline, and OpenAI is fumbling on the PR/mindshare front.
Agreed I don’t get why anyone would invest in them right now. Five years ago you were joining a hype train, but how does anyone think their value is going to increase from today forward?
Their biggest appeal seems to be that their consumer product ChatGPT is a household name and has widespread consumer use. But consumer adoption of a phone app is a very fickle thing to stake a trillion dollars on.
Obvi these “AI” grifters are cashing out while they still can. The bagholders don’t decide when the shit is dropped.
Meanwhile hedge funds and money makers:
“I’d buy that for a dollar!”
Meanwhile hedge funds and money makers:
“I’d buy that for a dollar!”
MysteriousSophon21@lemmy.world 7 months ago
Don’t forget their absurd power requirements - their datacenter costs must be astronomical with GPT5 using 8x the compute of GPT4, check gearscouts.com to see what efficient power delivery actually looks like vs the inefficient monstrosity they’ve built.