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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 7 months ago by 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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[–] 9 points 7 months ago (1 child)

I watched The Big Short again last night. It's absurd how we seem to be going through the exact same steps as the subprime crisis did, not even 20 years later.

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  • [–] 5 points 7 months ago

    and the other wild part is now this whole mess is only the one part mirroring it, there’s a whole other debt market thing that’s also replaying CDOs too. this one is more likely to be the fuse tho

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