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It's hard to have collective action against rallying when overall most people benefit by a general upward trend.
by epistasis 1y ago
It's hard to have collective action against rallying when overall most people benefit by a general upward trend.
- zerosizedweasle 1y agoYeah for sure but: 'It’s impossible to quantify how much cash flowed from OpenAI to big tech companies. But OpenAI’s loss in the quarter equates to 65% of the rise in underlying earnings—before interest, tax, depreciation and amortization—of Microsoft, Nvidia, Alphabet, Amazon and Meta together. That ignores Anthropic, from which Amazon recorded a profit of $9.5 billion from its holding in the loss making company in the quarter' - WSJ Their earnings growth is their own money that they gave to OpenAI. You have that waiting in the wings.