Is the $300 billion valuation of OpenAI justified ?
OpenAI is in discussions for a new round of “fundraising”
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They have raised $6.6 billion back in October 2024 at $157 billion valuation,
And now they are starting discussions with Softbank and other investors for $40 billion, on a pre-money valuation of $300 billion — less than 6 months after their last round.
But is this really justified?
Between foundational models being “commoditized” (see. DeepSeek story) and the fierce competition from tech giants (Claude/Anthropic from AWS, Meta from Llama, Gemini from Google), this seems a very ambitious move to say the least.
Also, the accuracy seems plateauing and the “last mile” seems very complex to achieve.
My personal view is that there is certain level of speculation on this story but also around AI more globally. The business model is not yet proven, even if the tech is great, but no longer seems as a major differentiator given that many other models and companies catching up.
Maybe OpenAI has something magic still cooking ? AGI ? But AGI also seems not yet ready!
What do you think ?
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