[tootie]

This seems crazy. It's a truly innovative company and all but they don't have revenue to justify this nor a moat given how many plausible competitors sprung up so quickly. Elon Musk just reached into his own pocket and made Grok appear.

[nkohari]

By "reached into his own pocket," you mean he leveraged engineering resources from Twitter, and then once it became clear that Grok wasn't a competitive model, raised $6,000,000,000 in capital from VCs and sovereign wealth funds [1] to pay for the additional compute necessary?

[1] https://x.ai/blog/series-b

[logicchains]

If six billion dollars is all it takes to build a competitor, OpenAI doesn't deserve a 100 billion+ valuation.

[rchaud]

Really stretching the definition of "competitor" here.

[Mistletoe]

> In finance, the greater fool theory suggests that one can sometimes make money through speculation on overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.

They just need one more set of people past them to buy it. I know lots of uninformed people that would jump on it thinking they are “getting in early”.

[CuriouslyC]

OpenAI is looking more and more like a Ponzi scheme ego play from sama. They'll find ways to offload the losses to retail investors and everything valuable will end up in Microsoft's pocket in the end.