How to Think About Startup Valuation in General

Chat GPT has crossed over to normies. It's like this urban legend that people are talking about on tech Twitter every day. I have one trillion parameters, whatever that means. Twenty nine billion dollar valuation for open AI. That seems very reasonable to me. And we think the odds, you know, if they're like 12 to 13 percent chance it's going to happen, that's a reasonable sort of amount to pay because your expected value would match up to that.