>OpenAI has confidentially filed to go public in a blockbuster listing likely to value the ChatGPT creator at more than $1tn as it races rival Anthropic to Wall Street.>The creator of ChatGPT said on Monday that it had submitted a draft prospectus for its initial public offering to the US Securities and Exchange Commission.SPACEXAI IS MEANT TO FILE THIS WEEK TOO SAM GAZUMPS ELON AGAIN
Does it mean they are bankrupt soon? I dont know burger laws
>>109010797>SAM GAZUMPS ELON AGAINTrashX goes live on Friday, probably.TrashGPT is only @ filing a draft stage - be lucky if their flop still crashlands this year.
>>109010818Most of the money is in private equity these days, so it means they're out of available private equity and want to either cash in on retail investors or allow their older shareholders to do a rug pull and get their investments back.
I had a dream tonight I was in some SF office, Sam Altman walks in and I say "hey, sam, I'm kinda looking for a job" and he's like "oh yeah, can you tell me what you hate about various software projects" and I'm like "yeah, like for example chatgpt frontend is a slow react slop that's virtually unusable" and then he says "alright, well, we'll talk later" and I say "oh, ok, thank you mister Altman, I really am so grateful" in the gayest way possible as if to mock him. I don't think he liked it.
Is this one gonna beat SooaceX?
>>109010842Yep. They're looking for retail money to keep the scheme going just a bit longer.
openai will bring agi and asi btw
>>>/biz/
>>109010884>agiA Gay Indian>asiA South Indian
>>109010884openai is fucking over, but google might be able to do it eventually
>>109010797They killed Sora and replaced it with nothing, and Nano Banana 2 completely ate DALL-E's lunch for image gen so I don't really have any interest in them anymore.
As a scientist and a fireman, I have to say I approve of whatever Samuel decides to do next.
yeah I dont think american economics are very closely tied to reality with the stock price situation>oh the minimum wage is 8$>oh and theres companies worth you working 125000000000 hours>they created all that wealth last 5 years with few hundred employees>all your retirement funds will be used to pay the exit of the initial investors
SMAGA = Sama Makes America Great Again
>>109010818Not yet, this is the pump and dump phase where tards get deprived of their money.
>>109011001only the flyover states actually pay $8/hr minimum wage, most states and even municipalities force it to be closer to $15
>>109010797Claude's better.Also since they're all meeting Trump this week it will ensure there's no brakes on this train
>>109011026It should be $80.
>>109010818that would make things too easy for anyone trying to time the market, first they gotta liquidate all the shortsellers so expect things to rise for a bit longer
>>109011006
>>109011006SMEGASam Makes Europe Gay Again
>>109011001We can go further, there does not exist any largest number.Also 8$ minimum wage is retarded. There are millions of people whose value is negative.>>109010908But they already bought those...
>>109010842this is interesting, my retirement fund just this week sent some shit suggesting people contact them to put their money into "tech+" stocks, what a coincidence
>>109011149there has to be a minimum wage set and it should really be much higherlarge conglomerates will happily pay as little as they can get away with knowing their employees won't just drop dead from malnutrition, if you pay them so little they're forced to get on every welfare program available to them then you don't have to pay them as much lmoa
>one trillionThat's cute. SpaceX says its AI is worth $26.5 trillion. This is from their IPO filing with the SEC (note, it's a felony to knowingly file misleading securities information).>We believe we have identified the largest actionable total addressable market (“TAM”) in human history. We estimate that our quantifiable TAM is $28.5 trillion, consisting of $370 billion in Space from space-enabled solutions; $1.6 trillion in Connectivity across $870 billion in Starlink Broadband and $740 billion in Starlink Mobile as well as additional opportunities in enterprise and government; $26.5 trillion in AI across $2.4 trillion in AI infrastructure, $760 billion in consumer subscriptions, $600 billion in digital advertising, and $22.7 trillion in enterprise applications. For illustrative purposes of sizing our addressable market opportunity, we exclude China and Russia from our global estimates.
>>109011186Do American corporations all pay minimum wage or something? I'm sure with 100000000 immigrants they could drive labor value down but are they all really on welfare?
>>109011188These numbers are so fucking hilarious. Not a single one of these companies will make those trillions on their AI sloppa.
>>109011211all entry level jobs pay only minimum wage in the city or state where they're located, 1 in 3 americans are on at least 1 welfare program, you do the math.
>>109010797SpaceX, Anthropic, and SpaceXThe Great Rugpullening
>the dropout moron kickstarted the AI boom>the dropout moron will bring down the AI bubblepoettery
>>109011211Only 800k workers in the United States make the federal minimum wage. Most places either have a higher local minimum wage or market conditions have forced wages up without needing a law. My state doesn't have a higher minimum wage than the federal law but entry level jobs pay $12-$15/hr because no one around here will work for the legal minimum wage when there are jobs that pay higher.It's interesting to note that the Department of Labor says there's about 100 million able bodied people of working age that aren't in the workforce. 100 million is also the estimated number of non-citizens in the US once you add up visa holders, green cards, and illegals. Open borders folks will claim that 100 million are here only because the 100 million citizens are refusing to work, while anti-immigrant folks argue the opposite, saying companies exclude citizens so they can hire immigrants at a lower cost.
>>109011437it's far more likely that those 100M unemployed are children of those non-citizens in the US.
>>109011437>100 million is also the estimated number of non-citizens in the US once you add up visa holders, green cards, and illegalsthat sounds like complete horseshit
>>109010818>burger lawsI think Elon and Sam have to have a rap battle now, one of them will get 'served' for dissing the other one.
>>109011188>SpaceX says its AI is worth $26.5 trillion.
>>109010818it means cashing out time(for insiders), my negro
>>109010797>IPONon profit making broke ass kike nigger
does any of this IPO money even exist?
>>109010797>1 trillion dollar evaluation>ONE TRILLION dollarsFor a company that has not only never produced a profit, but doesn't even have profit on the fucking roadmap.What is this literal fake ass ponzi scheme retardation
>>109010818No it's just a colossal pump and dump scheme that makes crypto scams look like chump change in comparison, although we are definitively going into a recession after this happens.
>>109010818They will never go bankrupt, the higher powers or the world will just infinite print scam money forever to keep them aflot.Money means nothing, if you argue back they just kill you. If you question where the money is going they kill you. They will just kill you bro. Money is fake and meaningless now, they'll print $400t dollars a day if they have to before ever giving up on the AI powered dystopia dream.
>>109010797SAAAAAAAAAAAAR YEEEEEEES!!! IJRAEL PHUL SAPPORT SAAR YES! YEES! YEEEEEEEEEEES! AI BEST! AI BEST! AI BEST! AI BEST! AI BEST SAAAAAAAAAAAAAAAAAAAR!NO SEND ME BACK INDIA PLEASE! ALL MONEY TO IJRAEL PLEASE! PLEASE NOW! NOW! NOOOOOOOO!
>>109011001you are missing the fact that the US is a empire controlling the world currency and dominates the computer service market. Its a grift that siphons off money from all over the world with a dozen employees not hundreds. This will continue to work as long as the dollar is needed.
HEY, HEY, HEY...HEY, HEY, HEY...WAZZA WAZZA WAZZA...BITCONNNNNNNNNNNNNNNNEEEEEEEEEEEETTTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!
>>109011188>$26.5 trillion in AI across $2.4 trillion in AI infrastructure, $760 billion in consumer subscriptions, $600 billion in digital advertising, and $22.7 trillion in enterprise applicationsthis only works if they can block consumers from getting local hardware which they are currently semi successful at.
>>109011452Working age doesn't include children or the elderly.>>109011604Thank you for your valuable contribution to the conversation. It's 55 million on visas, 14 million green cards, and no one really knows how many illegals for the obvious reasons but estimates range from 15 million to 60 million. If you go with around 30 million, you get to the 100 million figure, though unlike visas and green cards, the illegal figures do include children, elderly, and disabled. Bottom line is there's tens of millions of non-citizens in the country fucking up the supply and demand curves.
>>109011188>TAM = how much my company is worthNo anon, it's how much REVENUE (not value) they think a 100% marketshare could generate.It's also complete bullshit.The entire world's GDP is $126T.So Musk claims one-fifth of the entire world's GDP is related to space and AI.
>>109011862>does any of this IPO money even exist?No.What they do is make a small portion of shares available to the markets.Let's say they create a billion shares and make 5% (50 million) available.Then if they manage to sell those 50 million at $1000 per share the total is $50 billion but they can say the whole company is worth $1T.
It's time to cash in and leave the bag. Openai, spacex, Anthropic, ... They all rush for IPO before the unavoidable collapse.
>>109010797>>109011222untill you realise that the company that sells the gpu to spacex via nvidia is also filing for ipothey are gonna recycle the trillions around them to fucking bubble up the market to infinity
>>109011711I uhI think I've had enough internet for today
>>109011883Kings make the policy (including financial policy) not the "markets" (whatever it means).And they want AI (at the moment).
>>109012462the retarded hardware cost and power usage is really real. so no its not guaranteed that those survive
>>109010797Stop the fucking edging just release it already
>>109012417there won't be a officially acknowledged recession like in 2007 this timedo countries like brazil etc. say they're poor or in a recession? no, the media and politicians just pretend everything is fine and dandy despite the literal state of the countrythe western world has been in a quiet recession for a long ass fucking time with price inflation pricing the vast majority of consumers out of fucking everything, houses that aren't crackshacks, cars that aren't used shitboxes or on a subscription, healthcare, it kicked into really high gear in 2020 when boomers just decided to devalue everyone's money to bail out a bunch of companies, including cruises for whatever fucking reasonthen a lot of these companies turned around ended up inflating the prices of fucking everything, others used inflation as an excuse to raise their own pricesthese boomers in government believe that LLMs will bring the same profits that computing and the internet brought the US in the 90's, they will simply continue to print money and bail out these AI companies forever if they need to, the only way to get them to acknowledge that they may have fucked up is if shit gets so bad that critical supply chains start failing, like with fuel and gas prices currentlynothing will get better as long as they're in charge and at worst that'll be a couple more decades
>>109010818It means the private investment is drying up from big donors, so they have to go public and trick- I mean convince all the consumer investors to throw money at them instead. This also includes people's retirement funds when they buy into shit like nasdaq.Although the S&P 500 catagorically refused to bend the rules for Musk so here's hoping they hold firm with the rest of the sloppers. Last thing we need is politicians using the 'muh retirement savings' argument to bail them out.
>>109013885>the retarded hardware cost and power usage is really real.For training.Costs are manageable for an already trained model.Although it won't know about new things, so that's a problem unless someone figures out continuous learning.I guess business model like this could work:One company running large data centers shared between LLM companies.LLM companies training new models periodically (once every year or 6 months) renting time from the above.
>>109010818No, it means idiots will be holding the bag while this fag makes it out like a bandit
>>109012462they can't actually do this forever because by the point that mothers start pimping out their 12 year old daughters to buy food, people will realize that maybe only violence can solve things
>>109010797Can't wait to pump and dump the trio!
>>109013942what training? they clearly don't know what they are doing if teams from china can rival them with much smaller teams, budget and available compute these retards know nothing but blasting money at the problem behind a curtain of marketing and promises when they showed those pattern connecting problems that the AI was still failing, they were already up to $20k to solve a single task if they use the full modelthey are fucked, but hey, look at this dancing tesla robot
>>109013977the teams from china just distill the western sota models. that's much easier than training the models yourself.
>>109013991If this is so easy and effective why the fuck aren't they doing that themselves or improve on it?Why are they charging people moon prices to prompt GPT9001 if it still fucks up all the time
>>109010818No, OpenAI is about to become richer than ever.
>>109014029because the distillation doesn't push the boundaries forward. it's like having a teacher with students. it only makes sense if your models are behind other models. they charge this much, because compute for the training is expensive and intensive. the inference (serving the existing models) isn't though. once they hit the wall, they will probably start to optimize.
>>109013942>Costs are manageable for an already trained model.what the god know how big the models are?we are talking about trillion parameters models. those are retardly expensive even on inference. We know no company is profitable on inference. No seriously no, it doesnt make any fucking sense, they need absurds amount of power and hardware After the crash we are going to see modest models like the ones that local people do, not the ones used in the big players, as they use orders of magnitude of less hardware and power
>publicly traded companies have to profit-max above all else>openai doesn't make any moneyThis cannot possibly end well.
>>109013953lol you /pol/ chuds will be the first to rationalize it as okay/expected because the mom is a minority or something, hell some of you might even get in on the action
>>109010797AI has no purpose or meaning and should be abolished in its entirety. And Altman needs to be shot alongside the rest of the oligarchs.
>>109010818This is beginning of the ritual known as "The Passing of The Bag".
>>109014904What makes you say that? Why would people invest in something useless
>>109013103why do people always act like those 60 million illegals don't do anything?they buy tons of shit and pay sales taxes and have income taxes taken from their wages even if they can't legally collect social security
>>109015654ICE check this one out, he sounds like an illegal
>>109010818>burger lawskek this is so funny to me because publicly traded companies are a thing in every country but this person is likely a yuropoor who hasn't seen a local new company go public in his fucking lifetime because Europe is a dead continent that hasn't grown its economy in 3 decadesand no this is a legal exit scam in this context, no AI company is remotely profitable, but existing private investors will be able to cash out before the bubble pops thanks to the massive amount of new liquidity from retail investors who love gambling
>>109015779Retail investors are smaller and easier to spook compared to the passive investors. I hope these companies last long enough for every boomers million dollar 401K to get rebalanced to buy these bags up.>>109015654Yeah I'm sure they're all using your social security number to pay income taxes for you and never get public services (lmao)Moreover, access to White people and White civilization is insanely valuable, which is a real issue. Accessing White people without being White is the largest free rider problem in all of human history and completely warps American real estate and labor markets.
>>109014879>ur racist and a pedo great rebuttal, enjoy starving to death
>>109014206normally this would just be an invitation for players like Blackrock that have infinite money to throw aroundbut OpenAI is burning so much money every day that it cannot possibly go well unless they completely restructure their finances
>>109015779Nah I just have zero interest in such things
>>109014879rent freethat is an example which has happened in multiple cultures just so you know you culture war drone
>>109011711you could have prevented this
>>109010797I'm shorting them as soon as they are public, it's we all do it it would be hilarious.
>>109015654>have income taxes taken from their wageslmao no they don't you fucking retard, do you think they file taxes or something?>60 million illegalsah yes, I love having a huge chunk of the country illegally employed to drive wages down, it's almost as retarded as allowing corporations to psyop the female half of the country into competing against the male half in the workforce you could raise a whole family on a factory job, that was because there wasn't enough labor floating around to undercut each other to death
>yeah dude 1/3rd of the country is illegal mexicansthis is what retards on /g/ actually believe
>>109016680the taxes are already taken from their income, filing taxes means filing TAX RETURNS unless you're self employed.
>>109016859I'm sure the employer who is paying them cash is making sure to take the taxes out for his illegal workers, stupid fucking retard>uhm yes, I paid out this much money to... somebody... here's your taxes!
lean fire with single digit trillies possible?
>>109015987Is that Archibald *uttle? It's an illegal picture anon.
>>109010797OpenAI has no way of becoming profitable. They have no moat, you can just simply change the API key. If they ever raise the tokens even more, users will just tell them to fuck off and go for a cheaper alternative, even if its worse.
If Samsara turns out to be real, it is a good idea to build and improve the world into which you can be reborn into.
>>109015779(((public companies))) are an American invention
>>109017941arent those from the netherlans first and way older than usa?
>>109010908AGI is Gujarati Indian not gay saar
>>109017841I searched for Uncle Samsara and apparently someone already made a book about it.
>>109017841
>>109010797Why do you have to file something in burgerland?Why can't you just open a AKTIEN GESELLSCHAFT AG (TM), like you can in germany?You just open it and get yourself listed on the stocks. It's kinda simple. Why is there such a fuzz about it in burgerland?
>>109020891>Why is there such a fuzz about it in burgerland?so they can know when to rugpull
>>109020891>You have bureaucracy but we don't do that in GERMANY
>>109010797Why are you getting excited about this? You benefit from this in no way.
>>109017941Factually incorrect and everything in the entire fucking world is an American invention. Because the US is the modern day Roman Empire. You can seethe all you want but it's true.The unsurmountable pile of debt with no end in sight might end this current era in the coming decades though.
