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    How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise

    (www.nytimes.com)
    387 points reaperducer | 14 comments | 31 Oct 25 13:03 UTC | HN request time: 0.939s | source | bottom
    1. gregoriol ◴[31 Oct 25 14:15 UTC] No.45772227[source]▶
    Will Sam Altman's fall be as legendary as Sam Bankman-Fried's?
    replies(5): >>45772415 #>>45772594 #>>45772635 #>>45773222 #>>45774409 #
    2. baggachipz ◴[31 Oct 25 14:36 UTC] No.45772415[source]▶
    Hopefully moreso
    replies(1): >>45773539 #
    3. layer8 ◴[31 Oct 25 14:50 UTC] No.45772594[source]▶
    SBF’s fall is almost forgotten already.
    4. Hilift ◴[31 Oct 25 14:54 UTC] No.45772635[source]▶
    Most of the funds lost to SBF were recovered. And CPZ has a pardon. Crypto has evaporated about $2 trillion in assets since then.
    replies(2): >>45772795 #>>45772977 #
    5. kyruzic ◴[31 Oct 25 15:05 UTC] No.45772795[source]▶
    The funds in USD were recovered because bitcoins value is 5x higher than it was when he got arrested.
    replies(1): >>45773336 #
    6. hiddencost ◴[31 Oct 25 15:16 UTC] No.45772977[source]▶
    I don't understand why you think it's OK to flagrantly violate financial laws for consumer protection, just because the bet got lucky?
    7. h2zizzle ◴[31 Oct 25 15:33 UTC] No.45773222[source]▶
    I'm assuming Altman wasn't screwing his CFO and letting her post to 4chan about it, so probably not that bad.
    replies(2): >>45773487 #>>45774311 #
    8. 7thpower ◴[31 Oct 25 15:43 UTC] No.45773336{3}[source]▶
    And a set of fundamentally sound investments, including Anthropic iirc.
    replies(1): >>45775411 #
    9. ◴[31 Oct 25 15:53 UTC] No.45773487[source]▶
    10. Lionga ◴[31 Oct 25 17:10 UTC] No.45774311[source]▶
    Altman was screwing / raping his sister so not quite sure who is worse.
    replies(1): >>45779453 #
    11. rhetocj23 ◴[31 Oct 25 17:19 UTC] No.45774409[source]▶
    Itll be worse. He is doing this for ego, not money from what I see.
    12. overfeed ◴[31 Oct 25 18:55 UTC] No.45775411{4}[source]▶
    This is painting a target around the arrow. AFAIK, they had so much money to throw around for a spray and pray, similar to VC firms
    13. h2zizzle ◴[01 Nov 25 05:27 UTC] No.45779453{3}[source]▶
    I take it back, what the actual f*ck.
    replies(1): >>45781358 #
    14. sph ◴[01 Nov 25 13:07 UTC] No.45781358{4}[source]▶
    I'm no Altman stan, but 1) allegedly and 2) denied by the entire family as the words of an emotionally-unstable person.

    Don't believe everything you read on the Internet.