Received an offer to invest as a secondary along Microsoft in the upcoming round. The valuation would be at 29B + typical fees. The parent company is also nonprofit. Would you invest with this valuation? #investments #personalfinance #openai #chatgpt #stocks
Don't. There will be 5+ chat gpts by year end - atleast at Google, Meta, Amazon and a couple by open source projects. There's no moat to these things.
Yeah that’s what I was thinking. All the big tech is going to start using LLMs and I’m sure there will be other startups that want to get in this domain. Another concern I have is that it seems like chatgpt will be integrated with Bing whereas Google already has that household name
Neeva AI and You.com already have a version integrated.
Not at the current price. They’re the first mover yes, but it’s not like this isn’t going to be an absurdly crowded space in 2-3 years time. The first player doesn’t always win out in the end.
Sure, they are the first mover, but their ai is incredibly great. There might be a lot of movers, but how many would be this good?
Run by an immature CEO ( have you seen his tweets lately?) It’s definitely not going that far.
Elon Ma
For the people that think it’s going to 5x or 10x, can you comment on why you think so?
Hype needs no rationale!
Overhyped ai
They'll never get truthfulness right. None of them and it'll be a long time before this happens. See how misinformation became a problem? Now good luck solving it with extra obfuscation too.
No. Invest in established businesses. Cool technology is different from a good business.
ChatGPT will be like BeReal, which was copied by tiktok and meta and become a thing of the past
I prefer to invest in Microsoft. I'm sure they'll figure out a way to milk OpenAI's technology.
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Can u invest for me too
Not directly. Invest in MSFT who has the largest stakes of the company 🙂