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:
Irrelevant at this stage.
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-fo....
- a restricted, less powerful (hide-the-spoilers) version called "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.
the problem with the post-dotcom market in a nutshell. everything’s a bubble. bubbles have more durability now. until they don’t.
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.
2 replies →