OpenAI Wants Federal Backstop (opens in new tab)

"AGI" will be funded by your taxes as the race to the exit looks like a too big to fail strategy.

If you don't see the scam, well I hope you are well prepared for 2030.

- Inflate expectations of AGI

- Attract ridiculous levels of investment

- Profit!

- Extend corporate entanglements to ensure that if OpenAI fails, many others will fail, thereby attracting yet more funding to keep the balloon in the air.

- Profit!

- Keep pumping, and when it looks like even the biggest investors aren't big enough to keep the bubble inflated, call on the good ol' government as funder of last resort.

- Profit!

- ...

- (Move some profits to a safe haven if you haven't already. Maybe get a friendly passport)

- ...

- BOOM!

- ...

- Profit!

EDITED to fix formatting.

Too big too succeed.

These guys are so evil. They have to take all our money, they aren't satisfied with the ridiculous percentage they're already consuming they want our public money too. Silicon Valley is evil. I genuinely hate them for what they are doing to our economy and how it is hurting normal Americans.