what a great lede: “OpenAI is a money pit with a website on top. That much we know already, but since OpenAI is a private company, there’s a lot of guesswork required when estimating the depth of the pit.” https://archive.ph/PyLnT

@joeycastillo "Uncle Sam has to borrow $207 by Friday so he can drink through the weekend"

@joeycastillo and they get their shovels from nvidia that gives money to openai so they can buy more shovels to give off the illusion the gold rush is still going strong

@pandora @joeycastillo I wonder how much of nvidia's seed cash for this is based on their selling shovels to the crypto people.

Because it would be darkly hilarious if the AI boom turns out to be what happens when NFTs don't actually take off, and the people holding billion-dollar bags gotta pivot to _something_ to keep the (loaned) cash flow going. Otherwise the tech giants might implode spectacularly and force the stock market to reflect the actual state of the US economy.

@xek yeah the next year will be very interesting... tho i would not be surprised if we keep the craziness going throughout the next year or 2... maybe just add $10tn valuation to openai, nvidia and so on ... bc why not

@pandora @xek yeah it’s like, I’m certain we’re in a bubble, I’m certain it’s going to pop, but no way am I betting on when. “Markets can stay irrational longer than you can stay solvent” and all that.