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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
by radiator 3mo ago
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?
- eiejee 3mo agoNothing 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!’
- khurs 3mo agoThe people who supplied money are not retail investors. They are rich people who have power and influence and connections to politicians, media etc
- amunozo 3mo agoSure because never ever in history losses of rich people and companies have been socialized and have been assumed by those "risk takers".
- 3127901 3mo ago[dead]
- Mistletoe 3mo agoMy Mom wouldn’t be able to make AI images of her dog Chico as a pirate anymore.
- torben-friis 3mo agoIsn't this mostly circular? Let pichai, nadella and friends hold the bag. We'll be fine.
- CuriouslyC 3mo agoBefore, 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.