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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)

submitted 1 day ago* (last edited 1 day ago) by wizardbeard@lemmy.dbzer0.com to c/techtakes@awful.systems

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Article: https://www.reuters.com/business/openai-sweetens-private-equity-pitch-amid-enterprise-turf-war-with-anthropic-2026-03-23/

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.

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[–] Wilco@lemmy.zip 5 points 17 hours ago

Private equity will find a way to make people use AI, they will likely force cities into contracts to use it for whatever stupid reason they dream up.