alt Hacker News>Expect OpenAI to crash, hard, with investors losing their shirts.
Lol someone doesn't understand how the power structure system works "the golden rule". There is a saying if you owe the bank 100k you have a problem. If you owe the bank ten million the bank has a problem. OpenAI and the other players have made this bubble so big that there is no way the power system will allow themselves to take the hit. Expect some sort of tax subsided bailout in the near future.
Replies
AnimalMuppet • yesterday at 5:42 PM
The difference is that OpenAI isn't financed by borrowed money.
Tax subsized bailouts usually are structured to protect the corporation as a separate entity, creditors (compared to letting the org continue on its unimpeded path), employees, and sometimes, beyond their position as current creditors, suppliers, but not as often do they protect existing equity holders.