So the big issue is what happens when Open AI or related goes bankrupt or splits up or whatever. The new owners of the products and data centers are the people who invested. As such, they get Open AI or Mythos if they go bust. Obviously, that's a big fucking deal, even if they lose money on this acquisition. The actual interest isn't making a profit, it's being the top shareholder when Open AI collapses. Obviously profit is nice, but the companies involved are vultures. Besos wants his Amazon brand AI department and will give Open AI all the money it needs to become that, no questions asked, and that apparently means giving them loans until they collapse and can be vultured. Banks are legitimately okay with giving money on terms that would screw the company over for this reason. Note, OpenAI is pretty safe in it's not taking any direct contract loans, however, eventually they're gonna be forced to bend the knee and give up ownership or dissolve eventually. And yes, this is because Sam Altman is a dumbass and either doesn't know basic finance or doesn't care and wants his five minutes of fame and gets paid to do this. They're probably trying to save themselves with the IPO launch which would allow them to transition into a profitable product, but I doubt it'll happen. It might go ham on hype buying them time to make profits out of thin air, but it depends on really heavy gambles on whether they survive or not.
>>536704414Either way, this is standard American corporate finance, just under a magnifying glass. US economy overwhelming runs on this type of shit, and it's like saying you're number one while you're standing on popsicles you are selling for a million bucks a piece relative to india who does it for standard prices. This is why US overwhelmingly outsource btw, those Indians don't have suppliers who have to pay off all these loans and satisfy investors who way over paid into a failing business that lied to them about solid and achievable performance targets to get more cash to keep their cushy overpaid CEO or founder job. Amazon is immune cause Bezos already did this and didn't die and then just grew off IPO money and now doesn't need to do this anymore. I know that ramble didn't end where you thought it would, but a lot of people do not understand the US system. It is literally, take a loan, maybe profit off that loan. Take another loan. Maybe profit off that loan. Rinse and repeat. Open AI is nothing new. US literally has jobs for spotting when a loan's terms is actually so good that you can take a loan off it profitably. That's arbitrage baby! Is this fucked? Maybe? I don't know, but too many people have no clue what is going on in the economy, lol.
Just to end this, Bezos literally started at the beginning of the dot com bubble as a kid in his parent's garage buying and selling books over the internet. This somehow got investors giddy enough to give him like 2 million in capital which he leveraged into an IPO launch that gave him the world, even though he was losing money (~5 million a year on IPO launch). And yes, the US economy is that retarded.
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>>536704606Remember, this is the dot com bubble, investors did this to thousands of companies that failed spectacularly. Anyone who thinks investors, businessmen, and finance people are sane need to yah know, get a clue. We got Amazon out of it, so uh, yah that is literally how it works. I can pick any decade, and there's at least one story like that.Same shit is gonna happen to AI.Any questions?
>>536704683yeah, probably, I'm just bored.
>>536704683DESU, it's not racially coded, so probably nobody gives a shit.
