If OpenAI goes down their investors will lose any chance at getting their money back. They need to keep pretending things are going great for as long as possible.
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replyAre we truly arguing semantics on HN which is a news aggregator for startups and everyone truly knows what a "raise" is and it is obviously not funds in your bank account? I don't disagree with the rest of your comment and the core thesis is valid that OpenAI is very much doing circular financing.
replyEdit: A raise comes with stipulations on what you can use the money for. I don't know if I was being too mean about responding to a parent but before you comment just google what a raise has..
Other than funds in a bank account I do not know what it would mean.
replyStipulations on what you can use the funds for.
reply*hypothetical future funds
replySo when my coworker tells me he got a "raise", they're not talking about money that will end up in their bank account?
replyIt's a different definition of the word for one thing, and anyway, unless their compensation is prepaid this would only suggest that "raise" doesn't mean liquid money in an account, because an employee's raise is a promise to pay an amount over the remainder of the year with the stipulation the employee continues at the job.
replyRight because, what does even "buy" mean?
replyhttps://thedeepdive.ca/openai-locked-up-40-of-global-ram-wit...