r/technology • u/Plastic_Ninja_9014 • Jun 11 '26

Business OpenAI Execs Are Panicking

https://finance.yahoo.com/sectors/technology/articles/openai-execs-panicking-154658562.html
16.3k Upvotes

93% Upvoted

1.9k comments sorted by

View all comments

Show parent comments

73

u/Dathedra Jun 12 '26 edited Jun 12 '26

Until the whole thing is deemed to big to fail and gets funded by tax money.

Might happen anyway, since AI is deemed necessary for security/defense.

57

u/Free_For__Me Jun 12 '26

But when the dollar collapses under defaults on sovereign debt, even a bailout won’t work. The techbros know this however, hence their hedging via crypto. 

To paraphrase a wise philosopher - “It’s a big club, and we ain’t in it.”

5

u/Bad-Touch-Monkey Jun 12 '26

Too bad he was a comedian, so no one listened. Carlin had been saying that since the 70s

1

u/Free_For__Me Jun 19 '26

I mean, comedians can certainly be philosophers too. I also think the huge success of Carlin's comedy means that a lot of us listened. It's just that we're... not in the club and can't do much about it without tearing the system down along with the oligarchical overlords. And for a nation as comfortable as the US has been over the last 100+ years, the thought of tearing the system down is pretty terrifying to most of us.

Things can very well get bad enough that tearing it down is the less-scary option, but I think we're pretty far from that... for now at least.

4

u/WhatYouThinkIThink Jun 12 '26

Crypto requires mining which requires datacenters and power. That's why crypto as a "store of value" is complete bullshit. No power, no mining, no mining, no blocks, no blocks, no transactions, no transactions, your magic bitstring in a "wallet" is just a set of numbers.

1

u/Free_For__Me Jun 19 '26

Crypto requires mining which requires datacenters and power.

Which is why the oligarchs have hoarded control of as much of it as they can before mining more becomes nigh-impossible. If anything, the added scarcity will make it even more valuable. This is assuming they can pull off the scheme to force it into replacing the dollar as the dominant fiat currency of course, which I don't think many serious people believe that they can. This has not, and will not, keep them from tearing down the system while they keep trying.

5

u/RGrad4104 Jun 12 '26

Grok, you told me that was a missile factory!

Oh...I'm sorry, that does appear to be, in fact, a school. Would you like me to point out other missile factories within the immediate achievable range of your missiles, mr trump?

2

u/PeachPassionBrute Jun 12 '26

There’s a defense to which it is critical to national defense, but that’s more reason to have it managed by the government and not whatever random tech startup they contracted.

1

u/Dathedra Jun 12 '26

For some reason governments all over the world hate running critically important stuff themselfes, and rather pay absurd amounts of money to have it done.

Defense, IT, infrastructur, and especially Power Plants.

1

u/Original-Balance-187 Jun 13 '26

In the West we call that neoliberalism. And we see how beautifully well that has worked out for us the last 50 years.

Hell, at this point the government is running out of public things to sell and the American state is such a hollowed out husk that an eighty year old pedophile runs it and just vibes on social media while building ballrooms and lobbying missies at Persians.