This is literally taking from the poor and giving to the rich. No wonder someone like Zohran Mamdani just got elected as NYC mayor. Eventually, someday, the people will start to push back. Maybe.
Literally asking the government for money so they can turn around and ask other investors for even more money. Encouraging companies to invest more so that they aren't afraid of getting repayment when OpenAI inevitably collapses.
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So instead of IPOing, now they're asking the government basically for the $1 trillion they have promised for infrastructure build outs.
Whatever happened to going forward with an IPO? At least there retail traders are willingly buying into this dumpster fire.
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American taxpayers sure do seem to love socialism, at least when it comes to bailing out irresponsible companies deemed to big to fail.
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This is literally taking from the poor and giving to the rich. No wonder someone like Zohran Mamdani just got elected as NYC mayor. Eventually, someday, the people will start to push back. Maybe.
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Literally asking the government for money so they can turn around and ask other investors for even more money. Encouraging companies to invest more so that they aren't afraid of getting repayment when OpenAI inevitably collapses.
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