… Meanwhile, competitor and customer Anthropic reportedly expects a 130% revenue jump to $10.9 billion in the second quarter, leading to its first operating profit. …
… However, when dealing with SpaceX, a company with a $1.7 trillion valuation, this jump is a mind-boggling sum of money. …
… OpenAI’s most recent funding round gave it a valuation of more than $850 billion. Granted, valuations are more art than science, but it’s also the case that if OpenAI were to IPO with that valuation, it would be valued at 28 times its projected 2026 revenue. …
… Sam Altman, against the backdrop of Silicon Valley hype culture and startups that balloon to massive valuations based on promises that may or may not come to pass in the future, and an increasing embrace of a founder culture that thinks telling different groups different conflicting things is a fea… …