Comment Re:Circle jerk (Score 1) 17
Shortly after the insiders cash out, and leave the public (via 401ks, pension funds, the government, etc) holding the bag.
Pretty much. Open AI doing an IPO will be the canary. Unfortunately for them it's taking a while as they have to shake off the whole non-profit thing first.
It's like during one of the earlier bitcoin bubble, where the financial services industry was busy trying to get a crypto options market up and running. Like clockwork, once you could short BTC then it had an almighty crash.
There are a lot of people who want to exit Open AI to make a lot of money. They will exit, then make money on the crash, then make money when the Fed predictably starts pouring cheap money into the markets to try to prevent a wider crash.
It's hard to see how this is even fun for them anymore. They have more money than you can spend in a lifetime, and have rigged so much of the financial system that it's like playing a slot machine where you're choosing when it should pay out. Surely these guys are bored out of their minds by now.