A billion seed is not an every day event anywhere.
replyNot at all. A quick google turns up evidence of 4. There may be more but I think probably not many.
replyFor a foundation AI lab with a world famous AI researcher at the helm though, it's not so impressive. Won't even touch the sides of the hardware costs they'd need to be anywhere near competitive
replyEuropeans have free healthcare and retirement. They consider putting their money with long term benefits not just become CEO on Tuesday and declare bankruptcy on Wednesday.
replyIt is not free, we just pay taxes.
replyRetirement is the worst.
You are basically forced to pay into a unsustainable system ( at least in Germany ).
It already has to be subsidized by taxes .
replyExactly. State retirement in Europes is not free nor great. We pay extra in taxes for it and it's only great for the present day retirees, not for those paying into the system right now who will retire into the future. It's the same as US social security, it's not some extra perk that Europeans have over Americans.
replyTop tier scientists aren't gonna be swayed by European state retirement systems.
Free healthcare and retirement ?
replyIt is an universal system but definitely not free .
In Germany you pay on average 17.5% of your salary for healthcare insurance and 18.6% for retirement .
However contribution caps exists . 70k for healthcare and 100k for retirement .
reply„free“
replyA startup getting 1B net worth is so rare that such companies are called unicorns.
replyAs the other commenter pointed out, this is 1B seed.
actually, they raised $1.03 billion at a $3.5 billion valuation.
replyYes, the faster they get used to the thought that loosing a billion is not a big deal, the better.
reply