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by avree 63 days ago
I think it's a very small chance. Look at how many absolutely technically useless CEOs, such as Elon Musk, are still perceived by many in the industry and outside of it. The WeWork guy got funding for a new startup immediately post collapse. It takes a lot to reach SBF/Madoff levels.
1 comments

Sbf built a pyramid scheme that collapsed. Sam altman has built a pyramid scheme that will soon collapse. The collapse is the point. This way insurance companies, advertisers, etc can buy the company and its assets, the customer data, that gives them a level of access to people laws and anti-trusts would otherwise prevent.

the entire thing is built to collapse.

You know the saying, "when you owe the bank a million dollars, that's your problem, but when you owe the bank a billion dollars, that's the bank's problem"?

I suspect the theory behind OpenAI is to grow to be "too big to fail" as fast as they can, because once they cross that threshold, their liquidity/solvency problems will cease to be theirs, and become everyone else's.