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[–] 25 points 2 years ago (3 children)

Investors poured completely insane amounts of money into thd endless money pit that is ClosedAI. then they realize betting everything on one horse was really stupid, since they have zero competitve advantage.

now they try to get as much loot off the sinking ship as possible lmao

they'll probably exit scam soon

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  • [–] [S] 18 points 2 years ago (2 children)

    it's been an ongoing exit scam

    OpenAI buys services from a pile of Altman's other portfolio companies

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  • [–] 13 points 2 years ago (1 child)

    OpenAI buys services from a pile of Altman’s other portfolio companies

    which reminds me of one of my actual favourite parts of the bayfuckers playacting building companies: how absolutely self-cycling a lot of the funding ends up being. shartups burning fucking piles of money on other, also-VC-funded, shartups. totally normal and healthy way for money to flow.

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