Rob Beasley
6.2K posts

Rob Beasley
@MrRobBeasley
Communications pro. Ramblings on Arsenal, bikes, and the state we are in.








BREAKING: OpenAI just raised $110 billion at a $730 billion valuation. Read that again. Nine days ago the round was priced at $850 billion. The valuation dropped $120 billion before the ink dried. Nobody is talking about this. Now look at who invested. Amazon put in $50 billion. Amazon also builds Nova foundation models that compete directly with GPT. Amazon also owns AWS, where OpenAI will spend billions of this money on cloud compute. Amazon gets its own investment back as revenue. NVIDIA put in $30 billion. NVIDIA also manufactures every GPU that OpenAI will purchase with this money. NVIDIA gets its own investment back as hardware sales. SoftBank put in $30 billion. SoftBank borrowed against its Arm Holdings stake to fund this. Arm designs the chip architectures that power every single one of OpenAI’s competitors. SoftBank is financing both sides of the war with borrowed money. This is not a funding round. This is a closed loop where $110 billion circulates through corporate balance sheets and every entity books the same dollars as both investment and revenue. Every single investor in this round is simultaneously building the product that makes OpenAI unnecessary. Amazon ships Nova 2 and Trainium custom silicon. NVIDIA supplies every competitor equally and runs its own inference platform. SoftBank funds Arm which powers Anthropic, Google, Meta, and every open-source model on earth. These are not believers. These are vendors purchasing a customer while hedging with competitors. Meanwhile the fundamentals have not changed since I published The $850 Billion Blind Spot nine days ago. OpenAI projects $14 billion in losses for 2026. ChatGPT market share fell from 86.7% to 64.5% in twelve months. Enterprise share halved to 27%. Anthropic leads at 40%. Every senior safety researcher has resigned. The CEO still owns zero equity. The largest private funding round in history just closed and the three investors collectively have more to gain from OpenAI failing than succeeding, because failure means the compute spending migrates to their other customers while the investment gets written off against earnings. $110 billion is not conviction. It is the most expensive insurance policy ever written. open.substack.com/pub/shanakaans…





A statement from Anthropic CEO, Dario Amodei, on our discussions with the Department of War. anthropic.com/news/statement…




























