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.
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?
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”.
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.
Comments
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.
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
If six billion dollars is all it takes to build a competitor, OpenAI doesn't deserve a 100 billion+ valuation.
Really stretching the definition of "competitor" here.
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”.
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.