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Not sure how to square this post with recent headlines like "SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet".
by letmevoteplease 4mo ago
Not sure how to square this post with recent headlines like "SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet".
- iterateoften 4mo agoPaper money vs cash
- avianlyric 4mo agoSoftBank hold huge positions in companies like OpenAI, funded using debt. The interest on those loans is killing them, and until OpenAI actually IPOs and SoftBank can sell their stake, they have to pay that interest using cash from somewhere else.