OpenAI has been talking to a pile of private equity firms about a joint venture to get ChatGPT into the companies those private equity firms owned a chunk of — TPG (anchor), Advent, Bain, and Brook…
  • CinnasVersesEnglish
    8·
    23 days ago

    It is a pity that we are not going to see a Bits about Money article on OpenAI since Patrick MacKenzie is Basilisk-curious.

    If OpenAI goes public with a lot of preferred shares liability, smart money is going to be reluctant to buy.

    • samvinesEnglish
      4·
      22 days ago

      Absolutely but MeeMaw read in the paper that OpenAI is the future of all work and jobs and they’re gonna make $$$$$ so she’s investiging her 401k (sorry I’m bri’ish so I don’t know if that makes sense but the point I’m trying to make is that they will absolutely find bag holders in retail investors once they IPO)

  • SoyweiserEnglish
    6·
    22 days ago

    We know nothing as yet about what the joint ventures will do

    …

    • geriksonEnglish
      9·
      22 days ago

      “an undertaking of great advantage, but nobody to know what it is.”

      • CinnasVersesEnglish
        3·
        22 days ago

        Substack had the same message after their latest $100 million fundraising:

        We’ll buy yachts for the board of directors invest in better tools, broader reach, and deeper support for the Nazis and eugenicists writers and creators driving Substack’s ecosystem