Comment on OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
hglman@lemmy.ml 4 months agoBanks most certainly make up money today via loans. This happens all the time.
Comment on OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion
hglman@lemmy.ml 4 months agoBanks most certainly make up money today via loans. This happens all the time.
FauxPseudo@lemmy.world 4 months ago
But this isn’t a bank. And making money doesn’t come without consequences. You’re not thinking about second and third order effects. This would basically be quantitative easing on a grand scale but for just one company. It would literally destroy the economy if the investment failed. And they aren’t the only player in the industry. The level of systemic risk is too large. And if it didn’t fail, it would basically be handing the world economy over to one player.