OpenAI raises $110B on $730B pre-money valuation

Big number gets bigger

Kind of leaving out a lot of detail there:

- Amazon's $50B is only $15B, with the rest being "after certain conditions are met", whatever that means (probably an IPO, which isn't happening)

- The $30B each from softbank and NVIDIA is paid in installments

So this is more a $35B fundraise, with a _promise_ of more, maybe, if conditions are met. Not _bad_, but yet more gaslighting from Mr Altman. Anyone reporting this as a closed fundraising deal is being disingenuous at best.

Circular-breathing causes the air to heat up, causing expansion. This is how a balloon can expand even when someone is breathing air from inside it.

s/breathing/investment/g s/balloon/bubble/g s/air/money/g

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Two economists were walking down the street when they spotted a giant dog turd on the ground.

One of them wanted to have some fun, so said to the other - "I'll give you $100 if you take a big bite of that turd".

His colleague figured $100 was a good chunk of cash, so did the deed. Feeling thoroughly humiliated, he pocketed the $100 and they carried on.

Further down the street they came upon another turd.

The angry economist now wanted revenge so made the same proposal back to his colleague, who also agreed and took a bite of the turd, earning back his $100.

Later one of them said to the other "you know, I can't help but feel we both ate shit for no reason."

His collegue replied "what do you mean? We raised the national GDP by $200."

If OpenAI is Pied Piper, who is Russ Hanneman in all this?

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