cross-posted from: https://piefed.social/c/technology/p/1510557/openai-needs-to-raise-at-least-207bn-by-2030-so-it-can-continue-to-lose-money-hsbc-esti
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cross-posted from: https://piefed.social/c/technology/p/1510557/openai-needs-to-raise-at-least-207bn-by-2030-so-it-can-continue-to-lose-money-hsbc-esti
(Original link. Warning: log in required)
If OpenAI is losing money why is Sam Altman a billionaire?
He doesn’t need to sell anything he just gets a billion dollars loan with his stock as collateral.
Good question, I guess when you reach to a certain point of being rich. The government subsidize your lifestyle itself and it will try to keep it that way as long as it can, in other words socialism for the rich.
I guess the reasoning for this is to keep the status quo or if they do fail may cause economic collapse. Though in the first place it’s the government fault allowing them to do so much damage and essentially hostage the whole economy.
probably if he sold of his stocks a while ago then maybe?
The magic of the rich!