If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
Clearly this unknown AI company is looking to make more that 1 billion back in 10 years otherwise they'd just keep that money in an account themselves.
So either they want 10 years worth of data for a return worth more than 1 billion dollars or they only want a year or two's data and then have their AI model work within that timeframe and then ditch the need for more data.
The content on Reddit is also available to the public and via search. So why pay for it unless it's particular to the individual users, their I.P. addresses, email accounts and mobile app data?
Again, once snatched there's no need to continue paying for something you've already got. And investors all remember the bubble burst of the web 1.0, so keep those sails in tight until we've made good headway.
With the election coming up this year I expect Reddit to go the way of Digg and something unknown to become the Leviathan in these troubled waters of trust from big tech.
If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
I think your math is off.
To roughly calculate time to double with compounding interest, take 72 and divide it by your interest rate.
Let's say you can get 8% annually, which is very optimistic. 72 / 8 = 9 years. So, in 9 years your 60 million would become 120 million. Nowhere near a billion.
Pretty funny if you ask me.
That's all that data is worth?
If I put 60 million in a good returns account and built on that as an income over 10 years without ever taking any out that's almost a billion dollars.
Clearly this unknown AI company is looking to make more that 1 billion back in 10 years otherwise they'd just keep that money in an account themselves.
So either they want 10 years worth of data for a return worth more than 1 billion dollars or they only want a year or two's data and then have their AI model work within that timeframe and then ditch the need for more data.
The content on Reddit is also available to the public and via search. So why pay for it unless it's particular to the individual users, their I.P. addresses, email accounts and mobile app data?
Again, once snatched there's no need to continue paying for something you've already got. And investors all remember the bubble burst of the web 1.0, so keep those sails in tight until we've made good headway.
With the election coming up this year I expect Reddit to go the way of Digg and something unknown to become the Leviathan in these troubled waters of trust from big tech.
I think your math is off.
To roughly calculate time to double with compounding interest, take 72 and divide it by your interest rate.
Let's say you can get 8% annually, which is very optimistic. 72 / 8 = 9 years. So, in 9 years your 60 million would become 120 million. Nowhere near a billion.
Thanks for making the compound interest explanation for those who don't know.
Perhaps I missed out the part where I get an additional 60 million each year also.
So while the original 60 million would become 120 million, there's another 540 million (Plus its accrued compound interest) to add into the mix.