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>> Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only r
by TuringNYC 2y ago
>> Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...
1. The outlays can be over many years.
2. They can raise debt. People will happily invest at modest yields.
3. They can raise an equity fund.
- jameshart 2y agoSoooo this isn’t so much ‘announcing an investment’ as ‘announcing an investment opportunity’? Why not continue: 4. They can start a kickstarter or go fund me 5. They can go on Dragons’ Den …
- griomnib 2y ago4. Trump and Altman are both serial liars and it’s utter bullshit.
- gunian 2y agowho isn't at least they upfront
- sangnoir 2y ago4. The US government can chip in via grants, tax breaks or contracts. It's all very Dr. Strangelove. "Mr. President, we must not allow an AI gap! Now give us billions"
- selimthegrim 2y agoIs Elon putting on some black leather?
- b3lvedere 2y agoMaybe it's in Bison Dollars? https://www.youtube.com/watch?v=DPy27XWfAyI https://www.youtube.com/watch?v=DPy27XWfAyI