sanitation@lemmy.today to Technology@lemmy.worldEnglish · 20 days 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-square134linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-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 · 20 days agomessage-square134linkfedilink
minus-squareTreczoks@lemmy.worldlinkfedilinkEnglisharrow-up0·20 days 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-up0·19 days 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.