Jeff Park@dgt10011“OpenAI is a nonprofit that now wants a federal backstop guarantee for all new capex investments but also wants to IPO at $1Tn next year for its exclusive shareholders” And you wonder why Mamdani was elected in a landslideOpens with an observation
Jeff Park@dgt10011OpenAI is now worth more than every S&P 500 company except 12. It has no profits. Those 12 companies have a combined age of nearly 1,000 years. OpenAI is 10. The most disruptive wealth creation event in human history is happening right now, entirely in private.Opens with a number