OpenAI spent $10M on chat.com URL

(theverge.com)

24 points | by segasaturn 4 hours ago

7 comments

  • uses 1 hour ago
    Someone educated me on this type of thing a while back. Chat.com - and other highly reusable URLs - is a non-deteriorating asset that has a value on OpenAI's ledger somewhere. It's not like they bought $10,000,000 worth of catering or fuel or labor even buildings. Because someday, the owning entity can sell it for about what they spent on it. And I imagine there is some kind of financial instrument to take out a loan with the domain as collateral. My point is, it's not really like they "spent" the money as much as they just parked it in a domain name.
    • solarkraft 15 minutes ago
      That it keeps its value is a huge assumption.
    • paulddraper 34 minutes ago
      They definitely bought it.

      Though you are correct it is a durable asset. (As are buildings.)

  • tester756 8 minutes ago
    I do wonder what the RoI is here

    15M is like one month of salaries for 500 engineers, so like 40% of their whole eng. team

  • pixelsort 39 minutes ago
    Could I get 1% as much for snugchat.com? Tempting, but I think I'd still rather build it out; especially now.
  • echoangle 3 hours ago
    Correction for the title:

    They spent more than $15.5 million, according to the article

  • ChrisArchitect 3 hours ago
  • blitzar 2 hours ago
    Naming rights for a stadium up next surely?
  • red2awn 2 hours ago
    "Chat (formerly ChatGPT)"
    • JumpCrisscross 25 minutes ago
      Deprecating ChatGPT as a brand would be the stupidest marketing decision since New Coke.