Yet again, companies supposedly worth billions of dollars need their socialist handouts and free money.
Capitalism at work! Privatise the gain, socialise the losses
If its such a vital technology it will pay for its self
Altman is a walking meme
Classic! Is this image already a template for memes?
I’ve seen this format floating around for a bit. Altman has been begging for more money for years now. And he’s received it as well, but they are burning through it so fast they are always short.
Good to hear! It’s an excellent image template!
The original confusion stemmed from remarks made by CFO Sarah Friar, who said at a Bloomberg event that a federal “backstop” could help unlock investment for future data center expansion. Those comments, widely interpreted as a request for taxpayer guarantees, drew scrutiny given the scale of AI server costs and energy requirements.
So basically, the company’s Chief Financial Officer explicitly stated that if the government took over the risk of loss, the company could get more money from investors who would then have nothing to lose. In other words, she was hoping for a preemptive guarantee of a bailout. Doesn’t seem to me that there was any “confusion” or misunderstanding. OpenAI wants taxpayers to bear the risk of loss, while keeping profits for itself.
They were confused that people saw right through it so fast.
Bitch you literally just bought half the world’s RAM supply. The fuck did you even need a bailout for in the first place?
Stealing the work of writers and artists isn’t enough?
Nope. Total information domination. If AI don’t tell it to us it ain’t happen.
Anything less is the utter failball we said it was the whole time.
So they are talking about bailouts already? Ahh, the good old ‘privatize winnings, socialize losses’ again.
AGI is just around the corner bro.
The Financials are stable bro.
Just invest a few more billion bro.
Cool, go public and crack open those books.
*trillion
Why would they need bailouts or subsidies when they are currently pulling in billions in private investments?
This is such a bad sign.
Because their burn rate only gets worse. They can’t make money with it. The only way to be profitable now is to charge $100 per prompt. They have to own the market everyone uses first.
These lazy wellfare-queen corporations need to be checked!
The wealth will trickle upwards.
Translation: AI isn’t a bubble.
Did he steal my self-confidence?
