Hulme initially expressed reluctance to invest in OpenAI, but later called it a reasonable investment, citing its $12 billion run rate and downside protection.
THEN · May 8, 2024
0:00 / 0:06exact quote · 6.0s
NOW · Apr 10, 2025
0:00 / 0:19exact quote · 19.6s
“I would struggle To make that investment today. No.”
“I, um, it doesn't mean I think it's the best, uh, gen AI investment, but if I was sitting independently, do I think it's a good investment now when your downside is somewhat protected and they're at a twelve billion dollar run rate? Let's say it's a 20 times forward, uh, multiple. I think it's a reasonable place to put money.”