<story><title>OpenAI completes deal that values company at $157B</title><url>https://www.nytimes.com/2024/10/02/technology/openai-valuation-150-billion.html</url></story><parent_chain><item><author>cs702</author><text>Given the high risk, investors likely want a shot of earning at least a 10x return. $157 billion x 10 = $1.57 trillion, greater than META&amp;#x27;s current market capitalization. Greater returns would require even more aggressive assumptions. For example, a 30x return would require OpenAI to become the world&amp;#x27;s most valuable company by a large margin.&lt;p&gt;All I can say to the investors, with the best of hopes, is:&lt;p&gt;&lt;i&gt;Good luck! You&amp;#x27;ll need it!&lt;/i&gt;</text></item></parent_chain><comment><author>jsheard</author><text>It&amp;#x27;s fine, Sam&amp;#x27;s bulletproof plan is to build AGI (how hard could it be) and then ask the AGI how they can make a return on their investments.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.threads.net&amp;#x2F;@nixcraft&amp;#x2F;post&amp;#x2F;C5vj0naNlEq&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.threads.net&amp;#x2F;@nixcraft&amp;#x2F;post&amp;#x2F;C5vj0naNlEq&lt;/a&gt;&lt;p&gt;If they haven&amp;#x27;t built AGI yet that just means you should give them more billions so they can build the AGI. You wouldn&amp;#x27;t want your earlier investments to go to waste, right?</text></comment>
<story><title>OpenAI completes deal that values company at $157B</title><url>https://www.nytimes.com/2024/10/02/technology/openai-valuation-150-billion.html</url></story><parent_chain><item><author>cs702</author><text>Given the high risk, investors likely want a shot of earning at least a 10x return. $157 billion x 10 = $1.57 trillion, greater than META&amp;#x27;s current market capitalization. Greater returns would require even more aggressive assumptions. For example, a 30x return would require OpenAI to become the world&amp;#x27;s most valuable company by a large margin.&lt;p&gt;All I can say to the investors, with the best of hopes, is:&lt;p&gt;&lt;i&gt;Good luck! You&amp;#x27;ll need it!&lt;/i&gt;</text></item></parent_chain><comment><author>Workaccount2</author><text>&amp;gt;You&amp;#x27;ll need it!&lt;p&gt;If they can IPO, they will easily hit a $1.5T valuation. All Altman would have to do is follow what Elon did with Tesla. Lots of massive promises marinated in trending hype that tickles the hearts of dumb money. No need to deliver, just keep promising. He is already doing it.</text></comment>