12 points armcat 53 minutes ago 6 comments
enraged_camel 9 minutes ago | parent
The story here is that Sam wanted to raise a lot more, but could not. Investors almost certainly want to see how the Anthropic IPO plays out before deciding whether to keep showering these companies with money.
naveen99 6 minutes ago | parent
Sam raised a $100B in previous round. I think a direct listing ipo would see their valuation go up to $4T, and then they could do some at the market sales as needed.
bushbaba 2 minutes ago | parent
Valuation wouldn’t hold if public. He couldn’t raise the 30B he wanted. I’m not sure how much runway OpenAI has, but sounds like a similar to Anthropic story with valuation likely if in the public markets declining.
naveen99 7 minutes ago | parent
This valuation is a function of early accumulation of compute. They could rent it to Anthropic, or poach more Anthropic engineers.