$14B ARR. 21x revenue multiple. In a market where the underlying product — frontier model inference — is getting cheaper by approximately 80% per year. Competitors are open-sourcing their way to pari…
The OpenAI Valuation Trap: Someone’s Math Is Wrong
$300 billion. That’s what the market says OpenAI is worth right now. Let’s do the math together, slowly, because the numbers are genuinely insane.
