Compound248 💰
@compound248
Followers
63K
Following
98K
Media
7K
Statuses
31K
"That thing that rich people do where they turn money into more money. Can you teach me how to do that, Jack?” - Tina Fey, 30 Rock Jack, “With my eyes closed.”
Lhasa, Tibet
Joined June 2020
I’ve been blessed to spend time with many of the world’s great investors. 20 years ago, I made a point to hunt down the best. Many are now popular on Fintwit - Nick Sleep, Li Lu, Chuck Akre. Others should be - Chris Hohn, Larry Robbins, and more. For🎄: 12 lessons I learned🧵👇
52
290
1K
I genuinely believe this twitter post has changed the vibes and was the catalyst that wiped out (so far) hundreds of billions of market cap from vaporware valuations
Apparently, if you ask @sama how his $13 billion money-losing for profit not-for-profit can support $1.4 TRILLION of spend commitments, he gets very defensive and starts to attack non-existent short sellers. I cannot wait for @OpenAI to be a public company.
3
1
28
🤣🤣
For the record: Last week - when I was the first in the world to clip @SamA slapping Brad for having the temerity to ask how a $13 billion business can afford $1.4 TRILLION in investment commitments - I did not intend to topple a domino that would take down the global financial
4
5
144
😂 brilliant!
For the record: Last week - when I was the first in the world to clip @SamA slapping Brad for having the temerity to ask how a $13 billion business can afford $1.4 TRILLION in investment commitments - I did not intend to topple a domino that would take down the global financial
0
1
4
Wait, what…?! (So OpenAI wants to sell compute, too?)
32
20
179
Leading Sam to make the most obvious statement in world history:
2
2
25
“I would like to clarify a few things…” Even @BillAckman can’t read all this. 😅😇
I would like to clarify a few things. First, the obvious one: we do not have or want government guarantees for OpenAI datacenters. We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad business decisions or
1
1
9
That, combined with OAI’s CFO accidentally hinting that they’d love government subsidized loans, led to several attempts to “clarify.” Here, Sarah the CFO, tries:
Me: So, Sarah, you’re asking the average American - whose job you want to replace with your AI overlord - to actually subsidize you developing that overlord? Sarah (OpenAI CFO): Yes. I mean, no. Well, you see, what had happened was…
1
1
29
For the record: Last week - when I was the first in the world to clip @SamA slapping Brad for having the temerity to ask how a $13 billion business can afford $1.4 TRILLION in investment commitments - I did not intend to topple a domino that would take down the global financial
Apparently, if you ask @sama how his $13 billion money-losing for profit not-for-profit can support $1.4 TRILLION of spend commitments, he gets very defensive and starts to attack non-existent short sellers. I cannot wait for @OpenAI to be a public company.
37
27
590
Sam with some Olympic level backpedaling…err, clarifications.
I would like to clarify a few things. First, the obvious one: we do not have or want government guarantees for OpenAI datacenters. We believe that governments should not pick winners or losers, and that taxpayers should not bail out companies that make bad business decisions or
3
1
14
No “bailout” addresses the ridiculous “TBTF” concerns from this past weekend, but does not rule out taxpayers subsidizing AI buildouts. https://t.co/zdr6T4w7oP
There will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fails, others will take its place.
3
3
15
In case it’s not obvious, she was talking about government guaranteeing (“backstopping”) loans to drop the cost and increase the LTV they can achieve. Both of those goals would absolutely be a subsidy from taxpayers to OAI. She can retreat all she wants, but she 100% said it.
2
2
45
Me: So, Sarah, you’re asking the average American - whose job you want to replace with your AI overlord - to actually subsidize you developing that overlord? Sarah (OpenAI CFO): Yes. I mean, no. Well, you see, what had happened was…
Of course, Sarah. Of course. Let’s ask everyday workers to subsidize their job displacement technology. Seems reasonable.
23
149
1K
Unironically, I can’t get over the size of the cajones on Sam and Sarah.
Of course, Sarah. Of course. Let’s ask everyday workers to subsidize their job displacement technology. Seems reasonable.
2
2
55
Of course, Sarah. Of course. Let’s ask everyday workers to subsidize their job displacement technology. Seems reasonable.
3
19
171
But I was told there’s no reason to question OpenAI’s ability to fund its >$1.4 trillion (and growing!) spending and investment commitments. Sam’s insulted at the insinuation!
Apparently, if you ask @sama how his $13 billion money-losing for profit not-for-profit can support $1.4 TRILLION of spend commitments, he gets very defensive and starts to attack non-existent short sellers. I cannot wait for @OpenAI to be a public company.
0
1
30
Of course, Sarah. Of course. Let’s ask everyday workers to subsidize their job displacement technology. Seems reasonable.
3
19
171