Pump and dump, anybody?
It would be hilarious if in the end this would cause the bubble to burst
It does seem like someone wants their investments back and pass on the money black hole over to the public.
I’d be surprised if they can continue their business as is after an IPO.
SpaceX is going public at $2 Trillion dollars on like $12b of revenue.
They’re trying to foist the bag on to index funds.
How can it be possible?
How in the everloving fuck can that happen?
How are the streets not running with blood?
waves hands
Corruption.
Fire all the regulators, find some shit to pump, get all your buddies in, have the NASDAQ make special rules for you, then everyone who bought in private sells on open when the index funds have to buy in. Many pensions may be legally forced to buy this shit to satisfy regulations.
It’s fucked. Well over 100x revenue multiples at IPO. They just filled their S1.
The market makers are turning index funds into 2008’s CDOs.
China won the game. Their models are cheap and available and free weights.
Openai will never make any money. They realized it’s a high time to sell so. Wouldnt give a dime
They’re also behind Anthropic when it comes to expensive frontier models.
I wouldn’t buy their stock even if I was looking to invest in AI.
And, as I understand it, Anthropic hasn’t committed as much spending to building out new data centers, and has setup their operations to be GPU agnostic, so they can keep flexibility between NVIDIA GPUs, Google TPUs, and Amazon Trainium, and play the data center pricing game. Anthropic is better positioned to survive an AI winter (and I believe it’s coming soon).
Altman’s been trying to put on a big show with huge numbers and all the huge NVIDIA deals are part of it. Anthropic actually seems to be trying to build good products, as far as that’s even possible when it comes to AI. I think it says a lot that most people had heard of Sam Altman a few years ago already, whereas Dario Amodei isn’t really a household name, even today.
Their models may also be based on US models.
It’ll be hard for derivative models to innovate if their host organism has died.
Distillation isn’t stealing the original model, though. It just uses the models to make synthetic training data to train their own thing. They aren’t stealing the model itself.
Plus, a lot of companies do it. Anthropic’s Claude was calling itself DeepSeek for a while.
It also doesn’t seem like as big a deal as Anthropic and Open AI make it look, IMO. Them treating it like a national security issue where the company gets its models stolen from under its nose just comes across like a media company claiming that every download is a copy they would otherwise have sold at full price, and thus they have accrued trillions of dollars in damages.
I could, in theory, take a bunch of google Gemini outputs, and train a GPT-2 model on them. That doesn’t mean that I’ve recreated Gemini, nor does it mean that i’ve stolen it from Google, either.
To top it all off, it’s not like their services were abused. The companies were presumably paid appropriately for the usage.
I don’t understand how anyone can keep a straight face when they hear an AI company crying about another AI company “stealing” from them while they go before lawmakers and argue that if they weren’t allowed to steal stuff, AI wouldn’t exist… I immediately picture the Always Sunny meme “oh, did someone get addicted to crack” Crying motions.
ALTMAN is looking to cash out stock options before OPENAI crashes and burns. much like spez did with reddit.
Can’t wait to see their financials in the excruciating detail that’s required of an IPO filing.
Can someone explain to me why it would be a bad idea to short the fuck out of this stock? I’d like to make money and be a principled human at the same time, but I’m not well versed in the stock market.
You’re a dog you can’t legally invest
Check the rules! I once heard there was no rule that a dog couldn’t be in the NBA.
