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2024-10-02 19:48:07

Matt May on Nostr: Ed Zitron on the OpenAI round: "SoftBank — best-known for sinking $16 billion or ...

on the OpenAI round:

"SoftBank — best-known for sinking $16 billion or more into WeWork and getting swindled by its founder, and dumping a further €900m into Wirecard, which turned out to be an outright fraud, with one founder now a fugitive from justice in Russia — is some of the dumbest money in the market, and a sign that any company taking it is likely a little desperate."

Bullseye.
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