OpenAI’s board now stating “We once again need to raise more capital than we’d imagined” less than three months after raising another $6.6 billion at a valuation of $157 billion sounds alarmingly like a Ponzi scheme — an argument akin to “Trust us, we can maintain our lead, and all it will take is a never-ending stream of infinite investment.”
https://daringfireball.net/2024/12/openai_unimaginable
OpenAI’s board now stating “We once again need to raise more capital than we’d imagined” less than three months after raising another $6.6 billion at a valuation of $157 billion sounds alarmingly like a Ponzi scheme — an argument akin to “Trust us, we can maintain our lead, and all it will take is a never-ending stream of infinite investment.”