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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.
Simple. When it comes time to repay that investment, they'll just get the money from new investors, offering them even higher returns!