Discussion
Loading...

Post

Log in
  • About
  • Code of conduct
  • Privacy
  • Users
  • Instances
  • About Bonfire
⚯ Michel de Cryptadamus ⚯
⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 months ago

#OpenAI is in talks to get a trillion dollars worth of loan guarantees from the american taxpayer

https://www.investing.com/news/stock-market-news/openai-seeks-government-backing-for-ai-chip-investments-4336037

#AI #SamAltman #ChatGPT #uspol #uspolitics #MAGA #meme #memes

Don Draper meme: "Bailouts, but we'll call them 'loan guarantees'"
Don Draper meme: "Bailouts, but we'll call them 'loan guarantees'"
Don Draper meme: "Bailouts, but we'll call them 'loan guarantees'"
  • Copy link
  • Flag this post
  • Block
GhostOnTheHalfShell
GhostOnTheHalfShell
@GhostOnTheHalfShell@masto.ai replied  ·  activity timestamp 2 months ago

@cryptadamist

More money printing! Weeeeee!

Remember our taxes only delete money from the money supply. If any of these loans are defaulted on, it will be money pushed into the economy and not erased as it would be if it as a commercial loan paid off.

I’m given to understand that open AI of all the various players in the space, is the most leveraged. Big tech companies like Microsoft or Google or Apple, they’ve been piling up of billions of dollars maybe even trillions offshore for years.

  • Copy link
  • Flag this comment
  • Block
GhostOnTheHalfShell
GhostOnTheHalfShell
@GhostOnTheHalfShell@masto.ai replied  ·  activity timestamp 2 months ago

@cryptadamist

Those companies have a gigantic pile of money they can incinerate. Stockholders might be a little bit pissed off because understandably they wouldn’t mind pocketing that money.

For some companies, AI may just be a financial engineering ploy to repatriate money they have overseas

https://itep.org/fortune-500-companies-hold-a-record-26-trillion-offshore/

  • Copy link
  • Flag this comment
  • Block

bonfire.cafe

A space for Bonfire maintainers and contributors to communicate

bonfire.cafe: About · Code of conduct · Privacy · Users · Instances
Bonfire social · 1.0.1-beta.35 no JS en
Automatic federation enabled
Log in
  • Explore
  • About
  • Members
  • Code of Conduct