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

(www.nytimes.com)
387 points reaperducer | 1 comments | 31 Oct 25 13:03 UTC | HN request time: 0s | source
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adaisadais ◴[31 Oct 25 14:04 UTC] No.45772107[source]▶
I’ve been listening to “The Smartest Guys In The Room” (the definitive book on Enron and their scandal) and one of the ways Enron continued to grow and grow is by setting up a really complicated system of moving debt onto equities off of their balance sheet.

While it was sorta legal (at the time) it was not ethical and led to a massive collapse of the #1 company at the time.

Makes you wonder if AI is in such a bubble. (It is).

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sergiotapia ◴[31 Oct 25 14:06 UTC] No.45772134[source]▶
When the AI bubble pops, what will happen to the software engineering jobs?
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1. miltonlost ◴[31 Oct 25 14:16 UTC] No.45772238[source]▶
They'll have to come in and redo all the work that people put onto LLMs as actual engineering software. The number of features I've worked on that could have been done with normal computing practices but instead shoehorned in bad AI to make decisions/routing logic is too high.