undefined | Better HN

0 pointsdminik18h ago0 comments

> The A.I. company’s advisers are pushing its chief executive, Sam Altman, to move slowly after SpaceX’s stock has been volatile and as the start-up grapples with financial challenges.

Surely if your company isn't just blowing smoke then you have nothing to worry about. Or is this an admission that the insane valuation for these companies is currently just bullshit?

0 comments

3 comments · 1 top-level

JumpCrisscross18h ago· 2 in thread

> if your company isn't just blowing smoke then you have nothing to worry about

Not really. Plenty of solid companies have to wring their hands around IPO timing based on market conditions. Sometimes, this is due to valuation multiples. Sometimes it's due to fads, e.g. investors preferring capital-structure efficiency versus low leverage.

dminikOP17h ago

I mean, my comment wasn't necessarily meant to be some insightful analysis. But I do find it weird that OpenAI has seemingly gone from racing Anthropic to "maybe in 6 months" in the span of a week.

JumpCrisscross17h ago

> OpenAI has seemingly gone from racing Anthropic to "maybe in 6 months" in the span of a week

When was the last time someone seriously asked if OpenAI was going to go public before Anthropic? For me, it's been at least months, maybe closer to a year. The corporate-governance complexity drove half of that, momentum the other half, and messaging from both companies having been consistent with that timeline for months sealed the deal.

1 more reply

j / k navigate · click thread line to collapse