OpenAI really, really needs $40 billion. OpenAI arranged a deal with SoftBank where SoftBank would run a funding round to get $10 billion from other investors, and SoftBank would throw in $30 billi…
  • BlueMonday1984@awful.systemsEnglish
    19·
    5 days ago

    To repeat: $43 billion in imaginary dollars beats $22.5 billion in real, actual dollars in your hands.

    If this doesn’t sum up the entire bubble in a single sentence, I don’t know what does.

    • Architeuthis@awful.systemsEnglish
      4·
      4 days ago

      Modern move money between pockets for profit economics seem to give The Hitchhiker’s Guide bistromathics a run for their money.