actually Sam didn't ask for a bailout. Everyone is getting crazy because the big short guy who has been wrong for a decade shorting Tesla went short and then other fear mongering mainly because people just can't grasp AI (yet).
I don't think this is about the big short guy. The main things with the recent discussion:
Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive.
And the OpenAI CFO Sarah Friar was talking about:
>"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse.
>Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing...
OpenAI say people are taking that out of context and they don't want guarantees for data centers.
A federal guarantee of debt is a subsidy, one with horrendous potential downside. A CEO really shouldn't be so flippant, though I think he knows what he's saying.
Once it's enshittified by ads, I'm calling AI fully baked. What is there to actually grasp other then the humongous overspending? AI hasn't had a sensational breakthrough since ChatGPT was released years ago. Everyone else is following this leader at normal technical evolution speeds.
