alt Hacker NewsNot sure what you mean by "wasted"? Like a regular Ponzi scheme, there are many opportunities for the people at the top to extract value out into cash, while people who "got in" on the scheme later are left holding the bag when the bubble bursts.
Not sure what you mean by "wasted"? Like a regular Ponzi scheme, there are many opportunities for the people at the top to extract value out into cash, while people who "got in" on the scheme later are left holding the bag when the bubble bursts.
Yes, usually people at the top extract the cash. Like Bernie Madoff just spent the money for his enjoyment. In this case the money goes to people building the data centers, providing resources and the engineers at OpenAI who are actually working for the money.