Comment by renticulous
1 day ago
Investors are typically people with surplus money to invest. Progress cannot be made without trial and error. So fleecing of investors for the greater good of humanity is something I shall allow.
1 day ago
Investors are typically people with surplus money to invest. Progress cannot be made without trial and error. So fleecing of investors for the greater good of humanity is something I shall allow.
A "surplus of money"? So people saving for retirement have a "surplus of money"? Basically if any money is standing still, it's a legitimate tactic to just...take it, in your mind.
Other people just call it "theft".
No one with a small 401k is able to invest in OpenAI/Anthropic/etc. The people investing in those companies can afford to lose their investments.
"small" 401ks are usually made up of mutual funds. Those funds are run by investment banks (think Fidelity or JP Morgan) and they *absolutely* invest in companies like OpenAI and Anthropic. Your average middle class worker has investment money tied up in these crooks, but probably indirectly. When they piss away that money, it's not just rich jerks that are holding the bag.
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Which is why they are desperate to IPO