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OpenAI courting private-equity firms with guaranteed minimum 17.5% return - Who the fuck believes they can deliver this shit? (thelemmy.club)
submitted 5 months ago* by to c/techtakes@awful.systems
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Article: https://www.reuters.com/business/openai-sweetens-private-equity-pitch-amid-enterprise-turf-war-with-anthropic-2026-03-23/

Crossposted from: https://hexbear.net/post/8036692

I promise we're good for it guys!

I'm absolutely amazed that Altman isn't considered toxic waste by now financially. He was declared untrustworthy by his own board, and as far as I'm aware OpenAI has fallen short of every known business agreement so far. They have so many deals contingent on shit they haven't delivered and can't deliver that it should make any risk analyst's head spin.

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[–] 8 points 5 months ago (1 child)

@CinnasVerses @techtakes

This kind of ROI to me stinks of late-stages Ponzi scheme—the smart money has made its pile, but they need to keep pulling in the rubes to keep the illusion of growth running.

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  • [–] 4 points 5 months ago

    Yes, promising "returns like a good year on the stock market, but no risk" usually says Ponzi.

    When the forensic accountants go through OpenAI's books in 2027 or 2028 I would like to see whether anyone but staff and suppliers made money from it.

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