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dgerard@awful.systems

OpenAI offers 17.5% on venture deal! How can it do that? (pivot-to-ai.com)

submitted 3 days ago by dgerard@awful.systems to c/techtakes@awful.systems

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By not guaranteeing it in any way

https://www.youtube.com/watch?v=C2Wp5ZUg1yo&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260330-openai-offers-a-175-return-on-a-venture-deal-how-can-it-do-that - podcast

time: 4 min 47 sec

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[–] Soyweiser@awful.systems 5 points 2 days ago (1 children)

We know nothing as yet about what the joint ventures will do

...

[–] gerikson@awful.systems 8 points 2 days ago (3 children)

“an undertaking of great advantage, but nobody to know what it is.”

[–] dgerard@awful.systems 2 points 12 hours ago

including Sam

[–] CinnasVerses@awful.systems 2 points 1 day ago

Substack had the same message after their latest $100 million fundraising:

We’ll ~~buy yachts for the board of directors~~ invest in better tools, broader reach, and deeper support for the ~~Nazis and eugenicists~~ writers and creators driving Substack’s ecosystem

[–] Soyweiser@awful.systems 4 points 2 days ago

ChatGPT suggest a 100% rate of success.