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#venturecapital

14 posts11 participants0 posts today

New York Times: OpenAI Completes Deal That Values Company at $300 Billion. This link goes to a gift article. “OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the […]

https://rbfirehose.com/2025/04/01/new-york-times-openai-completes-deal-that-values-company-at-300-billion/

#ai#finance#money
Continued thread

The only arrangement for supporting a critical mass of talent to dedicate themselves in this way has been #venturecapital . But this model is so flawed and counter to the values that must be embedded in the new technologies we need, its a non-starter.

On the other hand, risk averse institutions that lack technical acumen cannot underwrite random promises to "change the world". So there is growing gap between what is possible with a bit of conviction and what is actually done.

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