Social media companies can be enormously valuable as the likes of FB has demonstrated. Its a good business but TikTok has to prove that it can monetize as well as FB has.
Some existing investors of OpenAI have indicated that there is little pressure for the company to go public, as it can continue to allow current employees and others to sell their shares through regular secondary stock offerings, similar to the stock issuance initiatives of SpaceX and Stripe. Last year, OpenAI conducted two such offerings for its employees, raising over $800 million in total.
OpenAI's potential transition to a for-profit company could also maintain a mission similar to that of its current non-profit organization, which is "to build artificial intelligence for the benefit of humanity," while allowing investors to receive returns on their approximately $14 billion capital investment more quickly.
Well we have the t club now the ones in the club are kids
Todays kids. Tomorrow’s giants
lets recommend each others pblication
Nobody would really pay $230 billion for ByteDance.
Yes it has a great product but it’s an app after all. At some point it can be disrupted by amy other social media trend.
Spacex and OpenAI, on the other hand, are creating truly revolutionizing products and they are the “enablers.”
Social media companies can be enormously valuable as the likes of FB has demonstrated. Its a good business but TikTok has to prove that it can monetize as well as FB has.
Some existing investors of OpenAI have indicated that there is little pressure for the company to go public, as it can continue to allow current employees and others to sell their shares through regular secondary stock offerings, similar to the stock issuance initiatives of SpaceX and Stripe. Last year, OpenAI conducted two such offerings for its employees, raising over $800 million in total.
OpenAI's potential transition to a for-profit company could also maintain a mission similar to that of its current non-profit organization, which is "to build artificial intelligence for the benefit of humanity," while allowing investors to receive returns on their approximately $14 billion capital investment more quickly.