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
Don’t worry, unchecked inflation and increasing housing costs will keep the GDP propped up at least for a while longer.
I mean yeah, spreadsheets rejoice, but eventually it’s going to be a problem where there is no real economy behind the numbers. How long can we keep pretending?