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points by 0x4e 1 day ago | 0 comments

Gotta give it to OAI for waiting. They smelled it.

Well they’re struggling to raise cash via new rounds, having slashed both the raise amount and valuation themselves. So in that situation they may go bust before having a chance to go public.

[–] Ekaros 1 day ago

Or then any numbers they would have publicly presented with even previous scrutiny would have been so bad no one would have bought them at price they want.

[–] ungovernableCat 1 day ago

OAI is in the middle of another funding round at $1.25T. If Anthropic with allegedly better financials can't get above $1.1T then why would anyone buy OAI at $1.25T

[–] pinkmuffinere 1 day ago

Is waiting better? Surely it would be better to be early, before faith is lost? I think being late to a party as it’s deflating is the worst case

[–] 0x4e 1 day ago

My hunch is that it’s better to be late in this scenario because now your moves are under public scrutiny or at least neck-deep. People can pull out, it could slow them down and at the end look worse.

As a privately held company, it functions under different dynamics that in the environment we’re seeing feels better to stay private for longer.