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Everybody's out of money and they need a way to calmly unwind this. Same reason Ellison just backed out of the stock sale.
by bandrami 20d ago
Everybody's out of money and they need a way to calmly unwind this. Same reason Ellison just backed out of the stock sale.
- zero_shift 20d agoI agree - it is hard not to be cynical. Funding is becoming scarce; IPOs are getting harder. The hedge funds are trying to back out. I think they realise the web of financing makes them double (triple? quintuple?) exposed. Amodei wants to manage the narrative and make the slowdown look at least semi-deliberate. The cynic in me would argue the safety and alignment play has always filled a role of plausible deniability when plans go off track. "Oh well we had to pull the model", etc