this post was submitted on 17 Jan 2026
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Desperation to not go tits up amongst other things is causing them to squander their first to market advantage.
They're damn near insolvent aren't they?
they are comfy burning vc injections, which will they can afford to if they aren't on the hook for those 500 billion deals, selling some equity at 15 billion spend a year is affordable, 150 billion - not so much
Near? Buddy they've been setting tanker ships of money on fire to stay afloat for at least two year now. Accountants have developed entirely new collateral schemes just to support this "industry".
Buddy, I don't give a rats ass about AI generally let alone one specific AI company.