Anthropic has raised $130B. It's a bit more than selling a share to your mate for $1.
replyYes, it's like selling a share to a group of mates who hear from their mates that AI is hot so they want in. Still does nothing for the profit not being there to pay those investors back in any other way than via new investors (ie pension funds).
replyThere should be a word for paying investors with money from other investors
replySeems structurally sound, kind of like a pyramid.
replyDepends a lot on which end is pointing down.
replyIs it when X is clearly engaging in creative financial engineering with a goal of maximizing their value.
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