OpenAI Would Like a Federal Backstop For Data Center Investments

Ron is right.

Also funny that we are barely into the buildout and Altman is already asking for handouts.

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This sort of bullshite is why Trump said that companies asking for handouts need to give the American people some stake AKA our new sovereign wealth fund

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You’re take away from a company wanting the government to mitigate its downside risk is . . . have the government take equity stakes in companies?

This is an echo of 2008 that will absolutely consume whichever party is dumb enough to approach this.

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You’re take away from a company wanting the government to mitigate its downside risk is . . . have the government take equity stakes in companies?

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Im for none of it, but if we are going to bail out any company, then the least they can do is offer a stake to the taxpayers at least until they pay the bailout money back.

What we did in 2008-2010 for banks should have never happened again but we turned right around and did it for auto makers.

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This is an echo of 2008 that will absolutely consume whichever party is dumb enough to approach this.

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... funny you should mention this, because the 2008 crash was nothing but a bank robbery to steal funds to pay for the new super computer.

Ghost records , money --- poof it's gone

The culprits, being bank robbers to being with, needed an astronomical sum of cash --- right away, like yesterday. They found out the request could not go through Congress , the normal way --- so what do they do???

Rob the banks

So, now that history has settled down on 2008, the question is " where did all the money go???

It went to build that new super computer buried in a bunker outside the city limits of Las Vegas

That's where

Oh, but gosh darn ...

That shiny supercomputer blew up ...

Just before the 2020 election because of a kill switch that was in the program

Oh darn ...

That's why they want federal Backstop

They are scared $$$ hitless

I am beginning to genuinely think the AI bubble might pop sometime in the next year.

I mean… geez, it’s gotten to the point of begging for federal money after only like 2 years? Maybe ole Sam shouldn’t have made $1T of promises while bringing in $50B per year in revenue. The entire model seems to be “we can definitely figure out how to bring in 20x more revenue in a couple years, no worries!”

Somehow I doubt kids are willing to pay 800 dollars a month to use Chat GPT to do homework.