The Most Contrarian Bet in Venture Capital

Continued hype is necessary for the industry, because so much money flowing in essentially allows the big players, like OpenAI, to operate free of economic worry and considerations. The money involved is staggering—Anthropic announced they would compete with OpenAI and raised 2 billion dollars to train their next-gen model, a European counterpart j... See more

BTW, OpenAI is raising funds at a $90 billion valuation — a threefold increase from earlier this year. It has real revenue and explosive growth. When will it go public? A: When existing shareholders believe there is no additional upside.

In the course of a year, the tech industry’s dreary post-social, post-crypto interregnum was rapidly supplanted — largely as the result of public-facing efforts by OpenAI, which is reportedly in talks with Microsoft about a potential $10 billion investment — by a story about inevitable technologies that are  so  transformat

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