Remember when Sam Bankman Fried was bailing out crypto companies by doing this sort of financing? Maybe it all work out in a fake it till you make it sort of way for AGI and the promises of profitability but in the short term, these shenanigans are bad news.

The wide part is to wonder how many people will be millionaires will be minted with tomorrow's tender offer.

Hopefully the damage radius from OpenAI’s bubble popping doesn’t take down useful companies like AMD and Nvidia.