[HN Gopher] OpenAI spent $10M on chat.com URL
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       OpenAI spent $10M on chat.com URL
        
       Author : segasaturn
       Score  : 22 points
       Date   : 2024-11-07 19:23 UTC (3 hours ago)
        
 (HTM) web link (www.theverge.com)
 (TXT) w3m dump (www.theverge.com)
        
       | ChrisArchitect wrote:
       | Related discussion: https://news.ycombinator.com/item?id=42067474
        
       | echoangle wrote:
       | Correction for the title:
       | 
       | They spent more than $15.5 million, according to the article
        
       | red2awn wrote:
       | "Chat (formerly ChatGPT)"
        
       | blitzar wrote:
       | Naming rights for a stadium up next surely?
        
       | uses wrote:
       | 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.
        
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       (page generated 2024-11-07 23:01 UTC)