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dgerard@awful.systems

SoftBank needs OpenAI to stay alive — no matter what (pivot-to-ai.com)

submitted 4 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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[–] BlueMonday1984@awful.systems 18 points 4 days ago (1 children)

To repeat: $43 billion in imaginary dollars beats $22.5 billion in real, actual dollars in your hands.

If this doesn't sum up the entire bubble in a single sentence, I don't know what does.

[–] Architeuthis@awful.systems 4 points 4 days ago

Modern move money between pockets for profit economics seem to give The Hitchhiker's Guide bistromathics a run for their money.