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Ed Zitron
@edzitron.com

Wait where the fuck is OpenAI getting $19bn from?

The Information@theinformation.com

Exclusive: OpenAI and SoftBank each are committing $19 billion to fund Stargate, an joint venture to develop data centers for artificial intelligence. Read more from Natasha Mascarenhas and Amir Efrati 👇

Ed Zitron
@edzitron.com

Oh my god, this is completely ridiculous. OpenAI will raise another $19bn in debt/equity? This company loses $5bn+ a year! So what, they raise $19bn for Stargate, then what, another $10bn just to be able to survive? Do I really have to talk about this with a straight face?

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