MCasq_qsaCJ_234@lemmy.zip to Technology@lemmy.zipEnglish · 3 days agoOpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Roundwww.wired.comexternal-linkmessage-square6fedilinkarrow-up114arrow-down13file-textcross-posted to: technology@lemmy.world
arrow-up111arrow-down1external-linkOpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Roundwww.wired.comMCasq_qsaCJ_234@lemmy.zip to Technology@lemmy.zipEnglish · 3 days agomessage-square6fedilinkfile-textcross-posted to: technology@lemmy.world
minus-squaredeegeese@sopuli.xyzlinkfedilinkEnglisharrow-up6·3 days agoBunch of rich men bought a parlor trick. For them to make money, either the trick has to start paying off, or they need to convince more rich men to buy in at an even higher price, so they can say the investment has grown. This is like Dutch tulip dealers hyping up their next auction.
minus-squareRayquetzalcoatl@lemmy.worldlinkfedilinkEnglisharrow-up2·3 days agoAh! I forgot about the bigger fool of it all, true. I guess it’s all just bluster and marketing then. God, what a nightmare.
minus-squareSubArcticTundra@lemmy.mllinkfedilinkEnglisharrow-up2·3 days agohttps://pluralistic.net/2025/06/30/accounting-gaffs/
Bunch of rich men bought a parlor trick.
For them to make money, either the trick has to start paying off, or they need to convince more rich men to buy in at an even higher price, so they can say the investment has grown.
This is like Dutch tulip dealers hyping up their next auction.
Ah! I forgot about the bigger fool of it all, true. I guess it’s all just bluster and marketing then. God, what a nightmare.
https://pluralistic.net/2025/06/30/accounting-gaffs/