But what would happen if no bailout came? I did not keep count of how many trillion USD they owe, but if we let OpenAI fail, what would be the consequences for ordinary people?
Isn't this mostly circular? Let pichai, nadella and friends hold the bag. We'll be fine.
Nothing
If OAI blew up now a whole lotta of people who supplied money would be angry.
But those people are generally not the common person
But the pushback will be — ‘but china!’
My Mom wouldn’t be able to make AI images of her dog Chico as a pirate anymore.
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Before, Microsoft would have absorbed most of OAI, and other than a speed bump in our AI progress, I think we'd have mostly been fine.
With a taxpayer stake in the company the odds that a corrupt administration will throw good money after bad due to corruption or stupidity goes way up.