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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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[–] 2 points 11 months ago* (2 children)

Yeah, im talking about the 207 BILLION US dollars they need to raise. That's an absolutely insane amount of currency if it had to be backed by real things and not "Hey buddy, its the U.S.! nothing could go catastrophically wrong and make this all valueless overnight"

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  • [–] 2 points 11 months ago

    Being backed by real things isn't always great for a currency. A lot of the value in the economy is from the transformative effects of labor, not just rare metals.

    207 billion is insane, but if this money was being moved around by the mass of people or their legitimate representatives rather than shareholders and VC investors gambling on the next big thing, that would stand a chance of laying to rest this kind of reckless waste.

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