Jamin Ball 拆解 $141b 融资构成：可转债实质为股票而非负债
As I understand it (happy to be corrected) - The $141b raised is inclusive of the convertible notes. Those represent $11.3b of cash raised from Amazon...
AI 导读
Jamin Ball 认为 $141b 融资额包含可转债，其中 $11.3b 来自 Amazon 和 Google 在 2023–2025 年的注资，约 $5b 已转为优先股，剩余 $6.2b 本金按 $2–5/股转换价（对比约 $59 Series H 价格）折算约 1.8b 股，实为股票而非债务。
来源：@jaminball · x.com