Comment by riku_iki
> Altman says that OpenAI will top $20 billion in ARR this year, which certainly seems like significant revenue generation. [1]
fixed this for you
> Altman says that OpenAI will top $20 billion in ARR this year, which certainly seems like significant revenue generation. [1]
fixed this for you
Can he safely lie about that? Or would that be a slam-dunk lawsuit against him? He's already got Elon Musk on his enemies list.
People need to understand that OpenAI is not a publicly traded company. Sam is allowed to be outrageously optimistic about his best case scenarios, as long as he is correct with OpenAI's investors. But those investors are not "the public", so he can publicly state pretty much anything he wants, as long as it is not contradicting facts.
So he cannot say "OpenAI made 20B profit last year." but can say "OpenAI will make 20B revenue next year." Optimism is not a crime.
Most of the credit being throwing around isn't coming from traditional banking companies, mostly private credit being utilized.
Private credit isn't really unregulated.
If you're interested in learning more I believe Matt Stoller has written a few articles about the private credit markets.
And lose how much money doing it?