"OpenAI Is A Systemic Risk To The Tech Industry" [Ed Zitron]
Before we go any further: I hate to ask you to do this, but I need your help — I'm up for this year's Webbys for the best business podcast award. I know it's a pain in the ass, but can you sign up and vote for Better Offline? I have
It's pretty sobering to see the financials laid out like this, and Ed even highlights some areas of uncertainty as though begging someone from OpenAI or Microsoft to provide the information to rebut his conclusions.
I'm not really an accelerationist, but I'll make an exception for this
Many ordinary people lost their jobs and homes during the Great Recession, while no one at the top was ever held individually accountable. Knowing the dynamics of the tech world, a hard crash would likely end up playing out the same way.
Isn't being a fall-man the point of Coreweave for Microsoft, NVIDIA, and everyone else using them as middle-man? They all theoretically have the ability to do the things Coreweave does in-house, but that would expose them to more risk if the bubble pops, so they have Coreweave take on the biggest part of the risk and draw in outside investor money?
I don't know about Ed, but I've had scenes from Network stuck in my head for months, particularly the scene where the corporate hatchet man Hackett is explaining that a Saudi conglomerate is about to buy out a failing TV network. He says, "We need that Saudi money bad."
