Sam is about to get another $30 billion
>>107991248NOT BEFORE HE GETS ANOTHER $50B FROM THE SAUDIS. NOW SHUT UP AND TAKE MY MONEY, SAMMI!
>>107991248it's too big to fail at this point, government will bail them out if they go under so why not make a risk free investment
>>107991667>a risk free investmentdilution.he's operating a giant bullshit furnace that only accepts dollar bills as fuel.
>>107991248SoftBank will not invest in OpenAI. This is a classic trick to lure in small investors - "because hueg bank said they'll invest in it too!!1"
>>107991690cool it with the antisemitic remarks, goy.
>>107991683Fuel will be converted to Jews once the dollars run out.
>>107991694>dollars run outjust turn the printer on again, whats so hard about it, goyim?
>>107991690the key word in the title being 'More'they gave them (another) $22.5B barely a month ago ffs.
>>107991663its called open ai because sammy is commanding you to open your ainus to receive his big hebrew cockOPEN AINUS
>>107991248Softbank has to have the worst ROI on the planet. Whenever they invest you know it's a scam but I guess being lucky once with Alibaba is all you need to keep going forever.
>>107991831ARM would (theoretically) net them a bigger profit than Alibaba if they wanted to dump their remaining 90% or found a buyer who won't get regulatory blocked. But yeah, for every ARM or Ali, theres been another 49 WeWork's or robot pizza makers.
>>107991248>your company is losing $78 billion a year?>here! take $30 billion off me!
>>107991667its already failed now China can offer the same service at a tiny fraction of the price
i'm a retard when it comes to the economy and these corporat deals. are these 'investments' like loans? or does scam altman promises to give them shares when they go public later?
>>107991248everytime I read SoftBank it's because they lost money.how do they actually make the money that they waste? they must have a really juicy cash cow.
>>107992189If you invest in 10 things and 9 of them are massive failures, but the last one is like a 20x return, you still profit.
>>107992178you don't need to be publicly listed - stock market - to have ownership shares in a company. At present, although I am going by last month so who knows, and as >>107991725 picrel, Softbank own 11% of OpenAi for a $40B investment. Which they'd hope would be worth way more if it ever went public - IPO/Stock Market. Problem being, for every funding round held afterwards, more shares are issued and their existing ownership % is getting diluted. If they owned 11% @ $40B, OpenAI is (nominally) valued at around $400B. Their current funding round is looking to raise another $100B, for which they will claim that OpenAI now worth $800B or whatever and will sell new shares, so Softbanks original 11% ownership stake will be diluted unless they also invest more cash. tldr, its all musical chairs until the music stops, by which time you ideally want to have dumped the shit entirely on retail bagholders (small shareholders) via an IPO.
i can't wait (2 weeks) until they start sending employees out to buy all the consumer gpus so they can strip the vram off them
>>107991248Until now we have compared this BS to the dotcom bubble. That was a mistake. The dotcom bubble had _some_ validity, because it was pretty clear that some people were going to make money and become winners.With AI this is not the case. Nobody knows how much customers are willing to pay. Nobody knows how much they are going to have to pay. Nobody knows the actual costs once shit has support itself. Statistics and data until know kinda disprove the whole 100x times more productive shit.We should compare this to tulip mania: It's speculating with a pretty looking, costly but until now completely useless thing.
>>107991667"Too big to fail" is peak hubris. It is just money laundering of funny money at this point.
>>107991248the classic double down on a loss from softbank.
>>107991248Luddite cope thread
>>107991667>government will bail them outthe government will borrow money from the central bank for eternity making the taxpayers buy a perpetual SAAS subscription to openai for a few hundred billion.
>>107992334On private sector it is being fueled by the wet dream of automating most of the menial white collar labor and killing the last major expense for most white collar companies, labor costs. The US government is only deeply involved because we are getting gaslighted by China in a "tech war" as a pretext for Cold War II. American Exceptionalism is on the line. "We can't let the Chinese ousted us and pull a Sputnik!" Expect it is already too late. It is just a matter of time before a ML model comes around that requires a fraction of resources and it causes the whole thing to come down in massive fiscal explosion.
>>107992178an investment is an entity buying a portion of the company but the company uses that money to run the company instead of buying parts of the company from the people who own it.>Bob owns 100% of BobCo>Jim invests $100 for 10%>Bob owns 90%, Jim owns 10% BobCo uses $100 to run the businessonce the company is on the stock market you can buy shares from the shares listed on the marketso a basic example would be>Bob owns 50% of BobCo, 50% is owned by several people and listed on the exchange for sale>Jim buys 10% from Seth's shares of BobCo listed on the exchange for $100>Seth gets $100, Jim owns 10%, Bob and BobCo are not involved and do not benefityou could buy Altmans shares from Altman and Altman would get the money and you'd get shares and none of the money would go to OpenAI, but that would be a purchase of peoples equity/shares.investment is giving the company money in return for a share of the ownership of the company.but it is important to know that a company can create shares whenever it wants (under certain conditions). so you could say "i want to invest $x in openai for 50% of openai and they could create more shares in order to give you 50% which means everyone else just automatically own less with no recourse or compensation.
>>107992154it's worth it, if it becomes a trillion dollar investment
>>107992424>It is just a matter of time before a ML model comes around that requires a fraction of resources and it causes the whole thing to come down in massive fiscal explosion.The fuck kind of logic is this? When something gets better it's value tends to increase.
>>107992532But who's going to invest a trillion dollars?
>>107992607
>>107991248Getting an investment from softbank is a fucking death sentence.
>>107991667Precisely, there is no better outcome for the world at large than accelerating the already skyrocketing impoverishement of americans
Well, they did the same thing with WeWork. The question is whether the AGI hype will be enough to get the IPO prospectus through this time. I assume the correct people have already been paid off.
>>107992539The entire circle-jerk with ML right (building datacenters and dumping billions on capital expenditures) is contingent on the barrier of entry being high. If a new model is developed that requires a fraction of computing resources. The whole circle jerk collapses hard as building those datacenters becomes unnecessary and ROI completely evaporates.
>>107992154Buy low, sell highThis is why you're poor
>>107991725>>107991690Reminder all this is being done through debt they're taking directly from the federal government. This is a government program in all but name, and the Fed is currently printing $70 billion a month to keep it solvent.
>>107992539>>107992532>>107993541You must have never researched LLMs or transformers, then.Everyone is trapped in the scaling fallacy for LLMs right now. For a detailed look at what that means, pic. If you want a metaphor, picture if Car Companies made a regular car 100 times bigger, and then claimed to investors that the car that's 100 times the size of the regular car will surely earn 100 times the profits, because it's the size of a city block and the size is what customers want. That's AI right now. It's investors (and you) trapped in the Scaling Fallacy, thinking that making it bigger will one day make it better and more profitable. They have no prior history or proof this is the case, simply that making it bigger will one day make the profits come. You should spit on altman, musk, bezos, and sloppy nutella. Their stupidity is going to sink the US tech sector for good.
>>107993605Funnily enough bigger cars do typically lead to bigger profits, because the cost of making the car bigger is way less than what a big car sells for compared to a smaller car. It's why SUVs and trucks were pushed so hard. EVs have kinda fucked that equation though because they need to slap a bigger battery into big cars, and batteries are by far the most expensive component of EVs, especially since they increase the weight a lot which means you need a more powerful engine that consumes more power so you need a bigger battery which is heavier etc.
A necessary investment to buy more RAM! Glory to AI and its innovation!
>>107993800>>107993800In the US at least something classified as a Light Truck doesn't have to meet the same emissions / fuel efficiency requirements that a car does.
>>107994453Skibiyid Goylet
>>107996503kek
