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I wonder if this is at all connected to the fact that OpenAI just announced this AM that they raised $110b

It's connected to #1444092

Sure. By "this" I also meant that.

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167 sats \ 2 replies \ @optimism 8h

Oh! Well they definitely need money to beat Anthropic now. But look at whom they raised from? Oh my! Amazon and Nvidia. I wonder if they're going to buy services from AWS and some GPUs from Nvidia? lol

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This honestly feel like insider trading.

  1. Announce new round of funding
  2. Related stock goes up
  3. Raise money is from companies whose stocks going up
  4. Raise money goes back to investors directly via purchases

Just churning money between parties and causing market side effects

I didn’t check any stocks, just a hypothetical

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167 sats \ 0 replies \ @optimism 3h

It's more like this:

  1. OpenAI need cash for compute to make new models.
  2. Only can get 30B from softbank... not enough.
  3. Call Jeffrey tell him you wanna buy AWS credz with stonks. Jeffrey says fine here's 50B now gimme stonks and then you buy 50B worth of AWS credz from me.
  4. Call Jensen tell him you wanna buy GPUs with stonks. Jensen says fine, here's 30B now gimme stonks and then you buy 30B worth of GPUs from me.

This will only end bad if OpenAI keeps on not winning. Let's hope for Sam that he doesn't get disrupted by Alibaba or Tencent... or well... Enemy Of The State #1: Anthropic.

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