True, especially since President Sanders tends to be a bit heavy-handed on exerting political pressure. He's been issuing an unprecedented number of executive orders since he took office...
A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability is a bailout. Shareholders cash out while the taxpayer is stuck with the bill.
Everything seems rotten with this administration.
And sama.
I'll take Sam over amodei.
It's a both are bad choice.
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Which of these two administrations? :)
Wasn't Bernie saying the government should confiscate half of OpenAI and Anthropic. This seems like sama is just trying to get ahead of it.
True, especially since President Sanders tends to be a bit heavy-handed on exerting political pressure. He's been issuing an unprecedented number of executive orders since he took office...
5% vs 50% is a dramatic difference in how things would work out.
Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.
A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability is a bailout. Shareholders cash out while the taxpayer is stuck with the bill.
Is the government buying their stake or being given a stake? In the second scenario there's no bagholding.
With the way they're treading on, I'd not be surprised if a bailout happens in the next decade.
Why?
"Too big to fail."