“OpenAI will ask for a bailout.”

“When OpenAI asks for a bailout—not if, when—say no. The chances the company can honor its financial commitments are very low. They’ll say they’re too big to fail, and taxpayers should cover their losses. Govt will have to help unwind commitments and contain the damage, but shouldn’t save OpenAI.”

— Nicholas Grossman (@nicholasgrossman.bsky.social) · source ↗