alt Hacker NewsNo one with a small 401k is able to invest in OpenAI/Anthropic/etc. The people investing in those companies can afford to lose their investments.
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sumeno • yesterday at 4:23 PM
Which is why they are desperate to IPO
No one with a small 401k is able to invest in OpenAI/Anthropic/etc. The people investing in those companies can afford to lose their investments.
Which is why they are desperate to IPO
"small" 401ks are usually made up of mutual funds. Those funds are run by investment banks (think Fidelity or JP Morgan) and they *absolutely* invest in companies like OpenAI and Anthropic. Your average middle class worker has investment money tied up in these crooks, but probably indirectly. When they piss away that money, it's not just rich jerks that are holding the bag.