surprisetalkMar 31

OpenAI closes funding round at an $852B valuation

https://openai.com/index/accelerating-the-next-phase-ai

https://www.cnbc.com/2026/03/31/openai-funding-round-ipo.html

OpenAI raises $122 billion to accelerate the next phase of AI

OpenAI raises $122 billion in new funding to expand frontier AI globally, invest in next-generation compute, and meet growing demand for ChatGPT, Codex, and enterprise AI.

Show threadnemo1618Mar 31

I'm old enough to remember when companies worth $1 billion were called "unicorns." Now we have a company raising 122 times that? Valued at nearly 1000 times that...?

At least they're throwing consumers a bone via the ARK deal. It's crazy how little AI exposure is available to anyone who isn't already wealthy and/or connected.

Show threadnine_kMar 31
I think this is reality-distortion field rivaling that of Jobs', and a crisis of faith. Nobody apparently believes that capital is worth investing into anything but AI.
Show threadroncesvalles
It's the result of too much echo chambered bullshit floating around daily about how capable LLMs really are. It's literally crypto/blockchain all over again. It's one big lie that a lot of people have bought into which causes it to self-perpetuate, like religion.
Mar 31 at 9:37pmWeb