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by jedberg 63 days ago
I think it's code for "the government will have to bail them out".
2 comments

Seems like Sam was angling for that with some of his China vs USA rhetoric
Why would they need a bail out? Their assets can be sold off, they can be taken over or be absorbed by another American entity.

Absolutely no reason for a bail out.

It may hurt the ego of Altman and Brockman - but that's their problem.

If DoD systems are running on OpenAI infrastructure, you can't just pause them for 6 months during an acquisition. This gets far more complex than just "liquidation of assets".
Because their assets would have been vastly overvalued. The bailout is when the government buys those assets at as close to that fictional valuation as they can, and likely then sells them back at their actual worth.

> Absolutely no reason for a bail out.

There's never been any reason for a bailout. It's just handing tax money to wealthy people who have made bad decisions.

The contract with the Pentagon is a good first step. Being a government contractor is pretty fail safe.
At some point you reach a size when too many politicians and the people who own them have invested so much money that they're willing to take any size political hit in order to save themselves from personal losses when you fail.