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It's the last part I wonder about. I wouldn't touch OpenAI with a 10-foot pole (or SpaceX) but I guess insiders want to cash out, and there's a lot of stupid money out there 🙂

No time for inconvenient truths in his plans.

Altman waving the biggest reddest flag imaginable ahead of trying to dump the unprofitable bag on the public.

Nothing shows investors how great a company is than leaving the CFO out of the IPO computations.

Trying to cash out before the bottom falls out

"because we still have/had to come up with something to sell."

We lose money on every transaction but make up for it in volume. Smart.

There is literally no comparison. It’s a new kind of business - the kind that sucks

surely an infinite genius workforce of aGeNtS results in 100% vertical integration on the services side, which is funny because the hardware side is another scam

Is OpenAI pushing an IPO to give early investors an out before the money runs out? Are they frantically reaching the end of their runway without a business model?

“It” being the business model

youtu.be/KodqIPMbyUg

the difference is OpenAI's jars are full of air or worse, piss

Shaking my head and smiling like remembering a summer vacation with friends. Remember when they were actually trying to be efficient? Hilarious.

Publicly traded companies piling into the space means it will need to service growth... But human nature values mass-produced output less. Those lines on that graph will just continue to diverge. Humans, on their own are going to be the cheaper option in relation to productivity.

Remember when Scam Altman was asking for 7 trillion dollary dos because we super duper need to redo the whole semiconductor thing? Feels like we could have wiped our asses with that money and gotten more out of it

"ONCE AGAIN THIS IS RUMOR CONTROL"

must have been something covered in those 4xx eco classes rather than the intro that i took back when.

this is the one bit they seem to be executing brilliantly on

"Mistrust" was the headline reason, but mistrust *about what*. The things he was being slippery with the Board about were generally angled towards moving faster and being more aggressive, in ways that cast aside safety concerns. From Karen Hao's "Empire of AI" (just a quickly-spotted example):

About as much chance of that as 10 PRINT "I'M TAKING OVER THE WORLD!" 20 GOTO 10

Burn to the ground!

"My advisor Alex Machinsky gave me this fly wheel to organize our business model on." - Sam Altman

Scammy Sammy!

I'm 100% confident that OpenAI will collapse by 2027 but Sam Altman is making a great case for it being this year. Having to honest about the finances with how things are going currently sounds like a nightmare.

Almost tempted to log in and ask it whether I should invest in a company where the ceo is hiding financial information from the CFO

The scariest of all is someone who consistently believes in nothing and does whatever it takes for the next convenient win.

Damn, OpenAI's IPO is gonna make WeWork's look sensible in comparison.