OpenAI in Talks for Investment Round Valuing It Up to $340B (wsj.com)

Detached from reality

> OpenAI was last valued at $157 billion in October, when it raised $6.6 billion. A near-doubling of its value in just a few months would be extraordinary even by the standards of Silicon Valley’s current AI boom.

Seems way overvalued for not having a moat. https://semianalysis.com/2023/05/04/google-we-have-no-moat-a...

Edit: formatting

OpenAI better hurry up and IPO. Waiting to IPO works out for some companies e.g. google, but not sure that is the best play for OpenAI.

Does anyone find it suspicious they need another funding round after just completing the largest raise in history? It seems like the rumors are correct and they are burning through money.

So they have the rug pulled out from under them by DeepSeek, and then they say they are now worth double?