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
By "Sam Altman said" in a "series of posts", this article means these two tweets from 10 hours ago: https://twitter.com/sama/status/1876104580070813976.
This is a screenshot of a tweet talking about an article written about two tweets by Sam Altman. Is this really the world we're living in, now?
Welcome to the wonderful XXI century where our innovations in communication technology and financial instruments allow a hyperoptimised economy where two tweets are more than enough to cause billion-dollar shifts on the market. Completely organic and based on solid fundamentals I am assured by the same people that assured me of this in 2000 and 2008.
Never offer unlimited on a utility model without guardrails. That’s just business 101.
Wonder what their financials are actually, usually with cloud capital ventures like these they usually still magically keep raking it in even though they're "losing money".
For instance, Amazon during the pandemic paid zero corporate tax even though they had record sales because they "didn't make any profit", Tesla too who didn't make profit during 2020 yet their share price went 10x and they had plenty of shares to sell if they wanted.
Wonder what their financials are actually
If they have a publicly traded part (iirc openai ownership was weird, but dont think they have a publicly traded part (yet)) they should do financial statements, before that doubt anybody can really tell.
Not that those statements are easy to read.