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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: 0.283s | source
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throwaway106382 ◴[31 Oct 25 14:11 UTC] No.45772180[source]▶
Isn't paying a company to dig a hole who then pays you the same amount to fill said hole illegal?
replies(6): >>45772199 #>>45772201 #>>45772231 #>>45772337 #>>45772576 #>>45772818 #
TZubiri ◴[31 Oct 25 14:15 UTC] No.45772231[source]▶
Seems like a net loss due to transactional costs.
replies(2): >>45772356 #>>45772470 #
1. throwaway106382 ◴[31 Oct 25 14:41 UTC] No.45772470[source]▶
They are banking on:

* stock prices increasing more than the non-existent money being burnt

* they are now too big to fail - turn on the real money printers and feed it directly into their bank accounts so the Chinese/Russians/Iranians/Boogeymen don't kill us all