this post was submitted on 27 Aug 2025
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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SoftBank needs OpenAI to stay alive — no matter what (pivot-to-ai.com)
submitted 3 days ago by dgerard@awful.systems to c/techtakes@awful.systems
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in this episode I explain the numbers that require SoftBank to keep OpenAI alive past all reason: they're spending real money to achieve imaginary private equity valuations and this was enough to make their stock go up. So they can't stop.

https://www.youtube.com/watch?v=zTYxEVRiCvM&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20250827-softbank-needs-openai-to-stay-alive-no-matter-what - podcast

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[–] SkyezOpen@lemmy.world 3 points 3 days ago (1 children)

I mean, I'm down for scamming Saudis. Woo! Let's go ai!

[–] rainwall@piefed.social 5 points 3 days ago (1 children)

I mean, they sell oil to make money to give to ai companies to burn oil.

Not a great loop to have on repeat.

[–] BlueMonday1984@awful.systems 5 points 3 days ago* (last edited 3 days ago)

Besides, there's better things to scam the Saudis with. Like getting them to put money into Newcastle United, an investment which earned us our first domestic trophy since 1955 and earned the club a whole lot of money in general.