13 hours
At what price point does Muskrat get his loans called in?
Jaysyn
I block morons on sight.
- 0 posts
- 12 comments
Joined 1 year ago
Cake day: April 9th, 2025
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
I never said a thing about bailouts. No one is baling these assholes out. They don’t employee enough people to be important enough in the grand scheme of things to be afforded a bailout. Also, there isn’t enough money to bail them out, because they will never be profitable and they know that. That’s why they are angling to steal our retirement.
There is a very good chance that Oracle doesn’t survive if OpenAI tanks.
This is why they want to get into your 401(k)s & pension funds. Don’t let them.
Makes that $1.2B EU fine that much sweeter.
Another fearmongering Sam Altman lie to raise VC money.
It was only ever worth that much to the absolute dumbest motherfuckers on the planet.
It doesn’t matter what pedo Trump does, nothing can save OpenAI or Anthropic from their own “dogshit unit economics”.
Apples & oranges.
The AI industry is fundamentally judged based on its symbolic similarities to bygone eras. Buying GPUs and building data centers sort of feels like Amazon Web Services, even though the $765 billion that big tech will spend in 2026 will be more than ten times Amazon’s combined capex during the period where AWS was being built. ChatGPT sort of feels like Google Search or Facebook Ads or next app store, but only because it’s a culturally-relevant piece of software, largely driven by the larger cargo cult of tech crystalizing around it.
FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called.
FFS, he doesn’t have anywhere near half a trillion in liquidity.