this post was submitted on 28 Feb 2025
100 points (100.0% liked)

TechTakes

1654 readers
38 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] DavidGarcia@feddit.nl 25 points 3 days ago (1 children)

Investors poured completely insane amounts of money into thd endless money pit that is ClosedAI. then they realize betting everything on one horse was really stupid, since they have zero competitve advantage.

now they try to get as much loot off the sinking ship as possible lmao

they'll probably exit scam soon

[–] dgerard@awful.systems 18 points 3 days ago (1 children)

it's been an ongoing exit scam

OpenAI buys services from a pile of Altman's other portfolio companies

[–] froztbyte@awful.systems 13 points 3 days ago (1 children)

OpenAI buys services from a pile of Altman’s other portfolio companies

which reminds me of one of my actual favourite parts of the bayfuckers playacting building companies: how absolutely self-cycling a lot of the funding ends up being. shartups burning fucking piles of money on other, also-VC-funded, shartups. totally normal and healthy way for money to flow.

[–] skillissuer@discuss.tchncs.de 16 points 3 days ago

it's not startup gambling if it's embezzlement