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This is the scary thing about OpenAI. When the OpenAI bubble pops it is going to cause an immense amount of 401k pain for a lot of people.
by outside1234 11mo ago
This is the scary thing about OpenAI. When the OpenAI bubble pops it is going to cause an immense amount of 401k pain for a lot of people.
- krkb 11mo agoThinking of maybe including private companies on here some day too. A few people recommended.
- BeetleB 11mo agoOpenAI is not a public company - it shouldn't affect anyone's 401K.
- avrionov 11mo agoIt will affect Microsoft, NVidia, Oracle at least and many other companies which have deals with them.
- BeetleB 11mo agoAnd when it does, the losses in their 401Ks will be due to the artificial gains they've been seeing in the last few years. IOW, I don't expect people's 401K to dip below what it would have been had the AI bubble never existed.
- avrionov 11mo agoIt depends how big is the panic. It could take down many companies.