OpenAI’s decision comes after dire warnings about rapidly progressing technology and lawmakers’ calls for new rules
  • Rothe@piefed.socialEnglish
    0·
    16 days ago

    That is indeed a common scam, but not in the case of OpenAI. The moment their finances are made public their “peak value” will be too shitty for anybody to cash out on.

    They will also never be able to “stabilise” anything. They owe hundreds of billions, with multiple loans coming due early next year, and they aren’t able to pay any of it off. So they are running out of time.

    • kent_eh@lemmy.caEnglish
      0·
      16 days ago

      The moment their finances are made public their “peak value” will be too shitty for anybody to cash out on.

      There will always be “I’m smarter than everyone else” investors willing to gamble that they’ll be able to find a safe seat when the music stops.