OpenAI in talks to sell around $6B in stock at roughly $500B valuation (cnbc.com)

7 points by mysterydip 1y ago ↗ HN

3 comments

[ 4.4 ms ] story [ 18.3 ms ] thread

How can it be worth that much when it is losing lots of money and when many Chinese AIs are almost as good?

It’s worth what investors are willing to pay for it. And investors are driven by fomo, not logic.

Or 0.17% of the entire US GDP for 2024. Their revenue must be off the charts.