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Comment by pphysch

20 hours ago

Enron was also "growing" a lot when it was in full "paper tiger" mode.

Come on: openAI has a product that you can "touch" - both on your phone /home computer and at work, since their tech sits behind copilot (msft hit the jackpot with the licence).

It is a virtual product yes, but come on - no vapoware.

At work I see it - people want the better (and more expensive ) licences

  • Enron was a literal energy company, and also vaguely "the next big thing", "America's Most Innovative Company". There's a lot of parallels with how OpenAI is being hyped up and whether it actually merits a 12-13 figure valuation. See also WeWork, et al.

    Given what we know about the CEO, it would not come as a shock if in a couple years we learn there was some good old accounting fraud involved.

    • Enron was a scam energy company pretending to be kind of a tech company, like it’s contemporary Worldcom (the scam telco pretending to be a tech company, scam companies are common in the south). Whether OpenAI is a scam or not, it’s definitely tech and nothing else.

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