Coffee Break: OpenAI Is Sinking Fast, Who Will It Pull Down With It?
Sam Altman's OpenAI empire is imploding fast. Ed Zitron's reports on the financial blackhole at its heart have been confirmed by the FT and key execs are exodusing faster than even Sam can say, "IPO at a trillion dollar valuation or nothing." Will OpenAI pull down Oracle and the Ellison media empire with it? Will its allies in the Trump administration be effected?
We haven't written up this one. Naked Capitalism has the full story — the link below goes straight to it.
