Nvidia: - has absurd gross margin, almost half it's revenue are profits - it has... | Hacker News

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		epolanski 4 months ago \| parent \| context \| favorite \| on: OpenAI raises $8.3B at $300B valuation Nvidia: - has absurd gross margin, almost half it's revenue are profits - it has virtually no competition OpenAI's moat does not exist. Even if they had one, all it takes is a competitor to buy out some engineering talent.

fisherjeff 4 months ago [–]

Sure, but even assuming OpenAI gets to a tamer 20% net margin, 25x earnings wouldn’t be surprising so they’re raising on a projected $60B/yr revenue which might not be where they end up, but doesn’t seem like an unreasonable bet to make.

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