OpenAI's Price Tag Needs Wheels

The real news

The story, straight

Buying part of a company means buying a share of its ownership. The price investors pay for that slice implies a price for the whole company.

That is its valuation, not its bank balance.

Bloomberg, as reported by TechCrunch, says OpenAI has raised about $11 billion in a new funding round at a $1.25 trillion valuation. The larger round remains unfinished and is expected to close in the coming weeks.

Bloomberg's source says it could total about $20 billion.

Bloomberg previously reported a $30 billion fundraising target. So the money reportedly received so far falls short of that earlier ambition.

The possible total is not money already raised.

In our visual joke, Lil'meme can move the cash trolley. Unfortunately, the company's price tag needs its own transport department.

The useful distinction: money raised is new funding received; valuation is the price investors imply for the whole business. A giant price tag isn't a giant bank deposit, and it guarantees no future return.

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I truly do see this token going up in value. Ride the rocket with me and let's see where the next 24 months take us.

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Like or repost before somebody values my trolley.

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