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As former corporate restructuring lawyer…this kind of stuff indicates the cash strapped scramble of the end days.
by digitaltrees 6mo ago
As former corporate restructuring lawyer…this kind of stuff indicates the cash strapped scramble of the end days.
- stingraycharles 6mo agoSeems more like OpenAI is planning to IPO and that would not have been possible within the previous arrangement, and Microsoft knows that.
- that_was_good 6mo agoAfter they just raised 122 billion dollars?
- danpalmer 6mo agoAt those numbers it's all a silly game. How much of that was paid to shareholders rather than the business so they can cash out? How much of that is vendors buying future revenue? What liquidation preference is that at? From what has been reported it's clearly not as simple as raising 122 billion. Some folks called it "scraping the barrel", supposedly Anthropic has surpassed them on the secondary market, etc.
- corentin88 6mo agoCan you elaborate?
- digitaltrees 6mo agoWhen you reposition the core strategic posture of how you make money on very compressed time scales it’s because there is a massive cash crunch. They killed sora, the type of deal with Disney that should have been an 100 year strategic win, but wasn’t viable economically and they don’t have the assets to weather that storm. Same with a few other steps we are seeing them take. It all looks fine until it doesn’t. Once the cash crunch hits. It’s too late