AI Deals Are Scaling to Massive Valuations. But In Many Cases—Also Massive Dilution. See E.g., OpenAI

Summary

So there has never been a “start-up” like OpenAI.  Already with 800,000,000+ users and a breathtaking $500 Billion (!) valuation. But it’s also raised and spent epic amounts.  So as the chart from FT below shows — all the historic investors together, as a group, will likely own 10% after the company converts to a... Continue Reading