e.g. it talks about running NVIDIA's systems (?) on AWS

> NVIDIA has long been one of our most important partners, and their chips are the foundation of AI computing. We are grateful for their continued trust in us, and excited to run their systems in AWS. Their upcoming generations should be great.

https://openai.com/index/amazon-partnership/

Nope. That 100B is in "promises" for over several years in total.

They have $15B out of the $50B from Amazon right now.

> The current administration won't last forever.

This is why OpenAI must IPO and when it does, I won't be surprised that a crash is followed up before 2030.

By then, they will "announce" "AGI" (Which actually means an IPO)

They just passed $20B in revenue, you can't really expect a company with this much hype and traction to have a 1x multiple.. that's not to say a 35x multiple makes sense either.

You'll never get a billion dollar check from anyone.

I've even seen startups raise like 500k pre-seed with tranches in it, lmao!

Startup funding is often given in increments depending on milestones being met. Most startups just don’t announce that it’s conditional.

For large funding rounds, nobody gets a check for the full amount at once.

The funding would not be conditional on an IPO because that wouldn’t make any sense. The IPO is the liquidity event for the investors and there’s no reason for a startup to take private investment money that only enters the company after IPO.

Or is it just to keep Nvidia from crashing?