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OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates (www.ft.com)
submitted 11 months ago by to c/technology@lemmy.world
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[–] 17 points 11 months ago (17 children)

I think they're too big to bail out at this point

Also, no one wants US bonds right now, so we couldn't borrow our way out of it even if we wanted to. We'd just have to print like a trillion or more dollars all at once

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  • [–] 5 points 11 months ago (12 children)

    How do I short a currency?

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  • [–] 4 points 11 months ago (2 children)

    You buy foreign currency and then sell it back for USD when you want to realise it.

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  • [–] 1 point 11 months ago (1 child)

    sell it back for USD

    Therein lies the rub; I'm not starting with USD, nor do I want to be

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  • [–] 2 points 11 months ago

    Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee.

    Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1).

    What is left over in currency (2) is your profit.

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  • [–] 4 points 11 months ago (3 children)

    Gold, commodities, etc.

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  • [–] 1 point 11 months ago (2 children)

    Really anything that has value outside of a currency, and the funny part is that raw materials often out preform other ways of investing like GICs. Not talking about silver or gold but like a literal ton of copper or iron ore.

    Now the trick is where to put the stuff...

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  • [–] 1 point 11 months ago (1 child)

    Not talking about silver or gold but like a literal ton of copper or iron ore.

    Meth powers activate.

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  • [–] 3 points 11 months ago

    Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin.

    I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering.

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  • [–] -1 points 11 months ago (2 children)

    The only possible customer for committed datacenter projects is the US government. the bailout is just buying all the datacenter time... because if not, China wins. Amazon, despite no congressional appropriations yet, has announced $50B datacenter to supply government customers.

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  • [–] 5 points 11 months ago (1 child)

    China wins what? Except if they already won by far, they have similar AI, with similarly high costs and similarly low value, similarly not worth it. Either they also invest big and will crash just as hard, or they don't and they're just enjoying the show of US suiciding its economy through AI.

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  • [–] 2 points 11 months ago

    If you ever stream cable news in the background during business hours. experts will come on to tell you that if the US doesn't bankrupt itself, then Russia or China wins. The only remaining hope for US economy seems to be to beat China at AI, because it can't beat it at anything else. So, all the money for military, and AI to help military make Skynet, which will mostly be used to ensure establishment can control/kill Americans who don't support Skynet for Israel supremacist rule over the US, is simply a continuation of the tautology of "all US money for militarist US establishment control over all of you", but with more efficient AI.

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