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OpenAI courting private-equity firms with guaranteed minimum 17.5% return - Who the fuck believes they can deliver this shit?
(lemmy.dbzer0.com)
Crossposted from: https://hexbear.net/post/8036692
I promise we're good for it guys!
I'm absolutely amazed that Altman isn't considered toxic waste by now financially. He was declared untrustworthy by his own board, and as far as I'm aware OpenAI has fallen short of every known business agreement so far. They have so many deals contingent on shit they haven't delivered and can't deliver that it should make any risk analyst's head spin.
They know private equity is almost tapped out, and whoever is first in this latest round will grab the largest portion of what's left. I don't know if it's the end game, but all but the most delusional investors are starting to ask where the returns are after years of the same promises
"Trust me, bro. Just a few more hundreds of billions, and then we'll be able to replace all your employees forever."