in this episode I explain the numbers that require SoftBank to keep OpenAI alive past all reason: they’re spending real money to achieve imaginary private equity valuations and this was enough to make their stock go up. So they can’t stop.
https://www.youtube.com/watch?v=zTYxEVRiCvM&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20250827-softbank-needs-openai-to-stay-alive-no-matter-what - podcast
I mean, I’m down for scamming Saudis. Woo! Let’s go ai!
I mean, they sell oil to make money to give to ai companies to burn oil.
Not a great loop to have on repeat.
Besides, there’s better things to scam the Saudis with. Like getting them to put money into Newcastle United, an investment which earned us our first domestic trophy since 1955 and earned the club a whole lot of money in general.