eicker@lemmy.world to Technology@lemmy.worldEnglish · 12 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square340linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 12 days agomessage-square340linkfedilink
minus-squareBlaestEgnen@feddit.dklinkfedilinkEnglisharrow-up0·10 days agoBut that’s two different funding mechanics. Defined benefit, buys bonds. So the government wants to build a metro in Sydney, borrow the money and own 100%. Defined contribution, buys ownership. So the government wants to build a metro in Sydney, sells 40% ownership to fund the building phase.
But that’s two different funding mechanics.
Defined benefit, buys bonds. So the government wants to build a metro in Sydney, borrow the money and own 100%.
Defined contribution, buys ownership. So the government wants to build a metro in Sydney, sells 40% ownership to fund the building phase.