5 ms·

so, these companies are playing hot potato and this is oracle holding it.

rwmj 11mo ago
Please let it be true.
reactordev 11mo ago
I so desperately want to make a snide comment about foreseeing the future but the reality is the CapX is so muddied that I’m afraid everyone is going to feel it.
- outside1234 11mo ago
  Exactly, the really frightening thing is Altman taking OpenAI public to get it into the SP500 and it completely falls apart then. In that case, we all get to hold the bag.
  - drivebyhooting 11mo ago
    It would be an Adam Neumann moment. There’s no way OAI can IPO with its current financials.
    - LeifCarrotson 11mo ago
      In more ways than one - I don't know how, but I predict that Sam, like Adam, would somehow still walk away a billionaire while the company imploded.
    - thway15269037 11mo ago
      Isn't it the whole point of current AI environment? "We can't, we shouldn't, yet we did and look at our stock". I won't bet anything at it but the whole thing, the whole AI economy looks like a big YOLO, so taking another step further into this insanity is, well, just another step. Who knows, maybe next day Beff Jezos will IPO newly established company and somehow pull 1T IPO in 10 days of company existence. Wouldn't it be a sight?
      - frmersdog 11mo ago
        AFAIC, the correct take on the situation is thus: https://files.catbox.moe/ufn8qa.png https://files.catbox.moe/ufn8qa.png And if even these guys can see it, we're screwed.
  - stockresearcher 11mo ago
    > Altman taking OpenAI public to get it into the SP500 There are eligibility requirements to meet before a stock can even be considered for inclusion into the SP500, and it’s hard to see how OpenAI, if they ever get into the situation where they need a public bag holder, could pull off another restructuring and then seasoning before the whole world realizes what’s going on. Be wary. Pay attention. But don’t lose any sleep over it.
wmf 11mo ago
Oracle doesn't own the GPUs themselves and may hold as little as 10% of the Stargate bag.

rwmj 11mo ago

Please let it be true.

I so desperately want to make a snide comment about foreseeing the future but the reality is the CapX is so muddied that I’m afraid everyone is going to feel it.

outside1234 11mo ago
Exactly, the really frightening thing is Altman taking OpenAI public to get it into the SP500 and it completely falls apart then. In that case, we all get to hold the bag.
- drivebyhooting 11mo ago
  It would be an Adam Neumann moment. There’s no way OAI can IPO with its current financials.
  - LeifCarrotson 11mo ago
    In more ways than one - I don't know how, but I predict that Sam, like Adam, would somehow still walk away a billionaire while the company imploded.
  - thway15269037 11mo ago
    Isn't it the whole point of current AI environment? "We can't, we shouldn't, yet we did and look at our stock". I won't bet anything at it but the whole thing, the whole AI economy looks like a big YOLO, so taking another step further into this insanity is, well, just another step. Who knows, maybe next day Beff Jezos will IPO newly established company and somehow pull 1T IPO in 10 days of company existence. Wouldn't it be a sight?
    - frmersdog 11mo ago
      AFAIC, the correct take on the situation is thus: https://files.catbox.moe/ufn8qa.png https://files.catbox.moe/ufn8qa.png And if even these guys can see it, we're screwed.
- stockresearcher 11mo ago
  > Altman taking OpenAI public to get it into the SP500 There are eligibility requirements to meet before a stock can even be considered for inclusion into the SP500, and it’s hard to see how OpenAI, if they ever get into the situation where they need a public bag holder, could pull off another restructuring and then seasoning before the whole world realizes what’s going on. Be wary. Pay attention. But don’t lose any sleep over it.

wmf 11mo ago

Oracle doesn't own the GPUs themselves and may hold as little as 10% of the Stargate bag.