• chaogomu@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 hour ago

    If they devoted billions of dollars per year to it and nothing else, maybe.

    Keep in mind that OpenAI still hasn’t made any profit, their entire valuation is based on hype that will be exploited to steal money via the ipo, and then the Altar will beg Trump for a bailout to prevent a bankruptcy.

    Altman and Musk both tried to get their companies into Nasdaq and the S&P 500

    They really pushed, because retirement funds are required to buy shares of the the entire index, and if any of the companies in that fund have sudden bankruptcy issues, the government is more likely to step in to save the company. Theoretically, this saves the retirement funds. It never has, but that’s how saving the company is sold.

    Anyway the Indexes refused to change their rules so the bailout will have to come from bribing Trump.