I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
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How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
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Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#12I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
You can do a lot of money in swindles and bubbles if you time your exit well. There is a fair bit of opportunistic investors who did well in the NFT craze, who speculated knowing fully well that NFT is a craze that will go to zero.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#13I can understand how someone's approach can be "hack all the things", however, at some point you run into the fundamental boundaries of the box you are in and you can't hack your way around those.
That doesn't really matter: as long as there are idiots who will buy your inflated stock you've externalized the problem for yourself whilst staying within the box.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#14I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
You can do a lot of money in swindles and bubbles if you time your exit well. There is a fair bit of opportunistic investors who did well in the NFT craze, who speculated knowing fully well that NFT is a craze that will go to zero.
The Greater Fool theory of investing strikes again.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#15I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
these deals are made as part of a market so it's more like musical chairs where every time you change a chair you get a ton of money but you don't want to be the one that's stuck without a chair at the end
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#16I was at a bitcoin conference in 2018. One guy in the booth told me that the company had set up a $100M fund to fund startups that agreed to build apps on their blockchain. I wonder where they are now?
As long as they kept another $100M in coins then fairly happy.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#17These kinds of deals were very much a la mode just prior to the .com crash. Companies would buy advertising, then the websites and ad agencies would buy their services and they'd spend it again on advertising. The end result is immense revenues without profits.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#18I honestly don’t get it. People love being swindled? Or people have enough cash to throw into the swindling machine even for no gain? Must be nice.
these deals are made as part of a market so it's more like musical chairs where every time you change a chair you get a ton of money but you don't want to be the one that's stuck without a chair at the end
They've all realized the guy without the chair can be the taxpayer.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#19These kinds of deals were very much a la mode just prior to the .com crash. Companies would buy advertising, then the websites and ad agencies would buy their services and they'd spend it again on advertising. The end result is immense revenues without profits.
Exactly, everything old is new again. This was one of the drivers of the original dot-com bubble.
Re: How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise
#20Okay, that article is a little bit shallow. I just summarises the headlines of the last weeks of circular deals. But is there also a more in depth article that sheds a little more light onto what this actually means? From a financial perspective?
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