sanitation@lemmy.today to Technology@lemmy.worldEnglish · 13 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-square145linkfedilinkarrow-up1693arrow-down18
arrow-up1685arrow-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 · 13 days agomessage-square145linkfedilink
minus-squareTreczoks@lemmy.worldlinkfedilinkEnglisharrow-up53·12 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-up23·12 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.