alt Hacker NewsWhy would they need a bail out? Their assets can be sold off, they can be taken over or be absorbed by another American entity.
Absolutely no reason for a bail out.
It may hurt the ego of Altman and Brockman - but that's their problem.
Replies
pessimizer • today at 2:29 AM
Because their assets would have been vastly overvalued. The bailout is when the government buys those assets at as close to that fictional valuation as they can, and likely then sells them back at their actual worth.
> Absolutely no reason for a bail out.
There's never been any reason for a bailout. It's just handing tax money to wealthy people who have made bad decisions.
If DoD systems are running on OpenAI infrastructure, you can't just pause them for 6 months during an acquisition. This gets far more complex than just "liquidation of assets".