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Why does OpenAI need a federal backstop if it is going to be profitable
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Re: Why does OpenAI need a federal backstop if it is going to be profitable
#2Either it is going to start generating astonishing levels of profit soon like they claim and they wouldn't need it or they are a money furnace and this is the only thing that will save this from collapse
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#3Either it is going to start generating astonishing levels of profit soon like they claim and they wouldn't need it or they are a money furnace and this is the only thing that will save this from collapse
It comes on the same day Jensen gave an interview about how the US is going to lose the AI race to China.
After circular equity investments and then debt in off balance sheet entities, we are speed running to the government handout phase.
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#4Well it’s gonna cure cancer and every other issue we have so obviously taxpayers should support it!!
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#5Either it is going to start generating astonishing levels of profit soon like they claim and they wouldn't need it or they are a money furnace and this is the only thing that will save this from collapse
It comes on the same day Jensen gave an interview about how the US is going to lose the AI race to China. After circular equity investments and then debt in off balance sheet entities, we are speed running to the government handout phase.
the only thing US is capable of beating china in these days is basketball so it is kind of funny that interview is making rounds…
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#6Because openai was given a federal backstop, it has a guaranteed customer as nation scale, and will be able to leverage that into massive profit in cost-plus service delivery?
Because it has gilt, it can go into markets and source money at gilt equivalent rates not risk venture rates?
Frankly, this just confirms to me it's a bubble close to popping. It's not mcdonnel Douglas being told "price no obstacle" doing space work in the 60s, it's the shipmaker for the south Sea bubble slave trade being told free teak and the first 20 ships are purchased.
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#7Early 2000 and 2008 put together.
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#8Either it is going to start generating astonishing levels of profit soon like they claim and they wouldn't need it or they are a money furnace and this is the only thing that will save this from collapse
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Re: Why does OpenAI need a federal backstop if it is going to be profitable
#9[deleted]
Re: Why does OpenAI need a federal backstop if it is going to be profitable
#10Early 2000 and 2008 put together.
Maybe more like 2008 recession-era GM?