Comment by alephnerd

> I really don't see a way they could ever justify a $300B valuation

Their ARR is around $13B. A 23x multiple is acceptable when compared against peers with a similar ARR.

> unless they get everyone on the planet to subscribe to their $200/month plan

I used to be a sceptic as well, but OpenAI successfully built their enterprise GTM. A number of corporate AI/ML apps are using OpenAI's paid APIs in the background.