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All clearly designed to cash in on the speculative value being given to AI companies. Strategically I thought OpenAI's deal of getting 10% of AMD for driving t
by mythz 1y ago
All clearly designed to cash in on the speculative value being given to AI companies.
Strategically I thought OpenAI's deal of getting 10% of AMD for driving their stock price to $600 was a pretty clever way of creating $97 Billion from nothing - effectively paying for the GPUs they'd purchase.
At the same time I would've thought this insider pump and cash-in strategy would be somehow illegal, but I guess anything goes with this administration.
- deleted 1y ago[deleted]
- baq 1y agoit'd be illegal if they bought on the public market... but they bought directly from AMD, so nothing to see here, move along. music is still playing.
- christophilus 1y agoThese sorts of shenanigans happen under whatever administration happens to be in office at the end of a long business cycle and near the frothy peak of a hype cycle. And that frothy peak can be quite tall and last for years.
- tim333 1y agoJust getting options and trying to get the company to do well isn't illegal or discouraged. Price manipulation can be illegal but I don't see any evidence of that so far.