This OpenAI round is so unhinged
> $122B Raised (Largest private round ever)
> Amazon puts in $50B → OpenAI signed a $100B AWS deal.
> NVIDIA puts in $30B → OpenAI runs on NVIDIA GPUs.
> SoftBank put in $30B → They're co-building Stargate together.
$35B of Amazon's investment is contingent on OpenAI achieving AGI. Or going public.
They effectively made the singularity a contract term.
Meanwhile: $2B/month revenue. 900M weekly users. $14B in projected losses this year.
This is very much an IPO on ramp disguised as a vote of confidence. Buckle up
says volumes that now, even the majority of formerly idealistic crypto natives working at protocol teams are completely disillusioned with the lack of progress, real products etc in our industry.
almost every major protocol is centralized. it's over. satoshi's dream is dead.
I think we're beyond fucked as a market and as an industry.
Basically the only real business in crypto is stablecoins. And that might be like, a $1 trillion business in its entirety.
We will see a mass extinction event. 90% of all crypto companies will now bleed out and die.