3 ms·
> too big to fail genuine question, what do you think these words mean?
by Invictus0 6mo ago
> too big to fail
genuine question, what do you think these words mean?
- jedberg 6mo agoI think it's code for "the government will have to bail them out".
- SturgeonsLaw 6mo agoSeems like Sam was angling for that with some of his China vs USA rhetoric
- vwvcxv 6mo agoWhy would they need a bail out? Their assets can be sold off, they can be taken over or be absorbed by another American entity. Absolutely no reason for a bail out. It may hurt the ego of Altman and Brockman - but that's their problem.
- deleted 6mo ago[deleted]
- deleted 6mo ago[deleted]
- fraywing 6mo agoIf DoD systems are running on OpenAI infrastructure, you can't just pause them for 6 months during an acquisition. This gets far more complex than just "liquidation of assets".
- pessimizer 6mo agoBecause their assets would have been vastly overvalued. The bailout is when the government buys those assets at as close to that fictional valuation as they can, and likely then sells them back at their actual worth. > Absolutely no reason for a bail out. There's never been any reason for a bailout. It's just handing tax money to wealthy people who have made bad decisions.
- vjvjvjvjghv 6mo agoThe contract with the Pentagon is a good first step. Being a government contractor is pretty fail safe.
- pessimizer 6mo agoAt some point you reach a size when too many politicians and the people who own them have invested so much money that they're willing to take any size political hit in order to save themselves from personal losses when you fail.
- fraywing 6mo ago[dead]
- 0xC0ncord 6mo ago[dead]