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

(www.nytimes.com)
387 points reaperducer | 3 comments | 31 Oct 25 13:03 UTC | HN request time: 0.812s | source
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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 #
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 #
1. 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 #
2. 7thpower ◴[31 Oct 25 15:43 UTC] No.45773336[source]▶
And a set of fundamentally sound investments, including Anthropic iirc.
replies(1): >>45775411 #
3. overfeed ◴[31 Oct 25 18:55 UTC] No.45775411[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