1. It is pointless to compare total company value with an annual payment.
2. It isn't an exclusive license. There are dozens of companies training language models, and if they are all forced to pay the same amount then that's some serious cash.
2. It isn't an exclusive license. There are dozens of companies training language models, and if they are all forced to pay the same amount then that's some serious cash.
Mozilla being an exception, I suppose?
But 80+% of their revenue, and probably the highest margin bit of revenue, comes from that Google payment. So whatever their value is, hinges on that contract payment. Thus, the multiple is interesting....where you might "compare total company value with an annual payment" to see what that mathematical relationship is. Especially given their rapidly declining market share.