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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).

replies(1): >>45772134 #
sergiotapia ◴[31 Oct 25 14:06 UTC] No.45772134[source]▶
When the AI bubble pops, what will happen to the software engineering jobs?
replies(4): >>45772238 #>>45772247 #>>45772458 #>>45772887 #
1. brazukadev ◴[31 Oct 25 15:11 UTC] No.45772887[source]▶
free AI credits will be a thing of the past, "productivity" (real or not) will dive and real software engineering will become a moat again.