alt Hacker NewsThis is important context in the wake of yesterday’s “raise” announcement. A lot of this stuff seems to just quietly never happen once the ink on the PR puff dries.
The AI industry increasingly looks in scramble mode to keep the hype going as those storm clouds of financial and business reality get darker and darker on the horizon.
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Anthropic does look healthier, with their enterprise focus. Or am I missing something?
OpenAI != The AI industry
OpenAI has stagnated technologically, and is a financial zombie, but that's not true for every part of the industry. Once these early movers flame out, there will be more stability with Google, Microsoft, and AWS.
The circular deals are getting old - it's like rearranging the chairs on the Titanic's deck.
All the “raises” consist of “committed capital” and all of the revenue is annualized.
Welcome to dot com 2.0
sell the roadmap, deliver a sku, sell/comp consulting services on escalations
the silicon valley shuffle, tried & true
For a company bringing a new technology from zero to mainstream, I think it's pretty normal that there will be a lot of failed attempts at productization.
The thing that isn't normal is the degree of experimentation relative to company valuation. Normally once a company reaches $700 B+ valuation, they've figured out their product and monetization strategy. ChatGPT is clearly still iterating heavily on that - not normal for a company that size.