sanitation@lemmy.today to Technology@lemmy.worldEnglish · 1 day ago'At some point you've got to make money': Goldman's top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOsfortune.comexternal-linkmessage-square107linkfedilinkarrow-up1588arrow-down16
arrow-up1582arrow-down1external-link'At some point you've got to make money': Goldman's top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOsfortune.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 1 day agomessage-square107linkfedilink
minus-squareTreczoks@lemmy.worldlinkfedilinkEnglisharrow-up35·11 hours agoI think those IPOs are meant to bring in enough money to give the founders and managers golden parachutes before the whole system folds. They don’t make any money - on the contrary - and they won’t miraculously start making it just because the IPO happened.
minus-squareglimse@lemmy.worldlinkfedilinkEnglisharrow-up12·6 hours agoYou’re thinking too long term. IPOs are the C suite cashing out.
I think those IPOs are meant to bring in enough money to give the founders and managers golden parachutes before the whole system folds.
They don’t make any money - on the contrary - and they won’t miraculously start making it just because the IPO happened.
You’re thinking too long term. IPOs are the C suite cashing out.