4 ms·I don't understand how OpenAI can guarantee 17.5% returns7 points by ericlmtn 6mo agoericlmtn 6mo agoAre private equity firms really buying this? Especially with all the cash flow issues going around?wmf 6mo ago"Guarantee" is not an appropriate word here. In fact, such a high rate indicates that it's a very risky investment ("junk bonds" pay ~7.5%).ericlmtn 6mo agoarticle does say a 17.5% minimum, which makes me wonderwmf 6mo agoI'm guessing these are convertible so the lenders can take either 17.5% interest or convert to stock, whichever is worth more.