OpenAI probably can’t make ends meet. That’s where you come in.
We recorded 7 claims from this post. 2 were checked against evidence. 5 can’t be checked. 5 more are held. Read the post at its source.
Claims from this post (7)
In the order they appear in the post. Each quotation is the speaker’s words in this post. A label such as “Supported” or “Can’t be checked” is the claim’s current assessment; its page has the evidence and the reasons.
Assessment: Can’t be checkedSaid
Observation
“In a long, but mostly empty answer Altman pointed to revenue that hasn’t been reported and that maybe doesn’t exist, attacked the questioner, and promised that future revenue would be awsome”
Our reading: Altman's answer about how OpenAI would pay its obligations was mostly empty and pointed to unreported revenue that may not exist.
No horizon
Assessment: MixedSaid
Observation
“What Altman couldn’t say then was that he has a plan, to reduce the cost of his borrowing … by having the American taxpayer (indirectly) foot the bill.”
Our reading: OpenAI plans to reduce its borrowing costs by having American taxpayers indirectly bear the cost.
No horizon Evidence as of
Limitation: The original remarks and clarification are reproduced by news outlets; a complete primary transcript was not obtained.
Assessment: Can’t be checkedSaid
Conditional forecast
“In justifying what would like be among the biggest (indirect) government subsidies in history, Friar said, “AI is almost a national strategic asset.”
Our reading: If the government support floated by OpenAI's CFO were provided, it would likely be among the biggest indirect government subsidies in history.
No horizon
Only if: if the government support floated by OpenAI's CFO were provided
Assessment: UnresolvedSaid
Conditional forecast
“Which means you, the taxpayer, will be footing the bill.”
Our reading: If the government goes along, taxpayers will end up paying for AI companies' borrowing.
No deadline stated Evidence as of
Only if: if the government goes along with the backstop
Assessment: Can’t be checkedSaid
Recommendation or value judgment
“Tell your congress person — today — that you don’t want your taxes used to bail out overhyping and economically shaky AI companies that spend far more than they earn.”
Our reading: Readers should tell their congressional representative today that they do not want their taxes used to bail out overhyping and economically shaky AI companies that spend far more than they earn.
No horizon
Scope: AI companies that are overhyping, economically shaky, and spend far more than they earn
Assessment: Can’t be checkedSaid
Recommendation or value judgment
“Workers, already feeling the knife from layoffs, should not be footing the bill.”
Our reading: Workers, already hit by layoffs, should not pay for government support of AI companies.
No horizon
Assessment: Can’t be checkedSaid
Recommendation or value judgment
“Get ahead of this before the too-big-to-fail bullshit becomes too-late-to-stop.”
Our reading: People should act now against the push for government backing of AI companies, before a too-big-to-fail situation becomes too late to stop.
No horizon
Qualifier: before it becomes too late to stop
Held from this post (5)
These records did not pass every check, so nothing about them is published. Held is not a finding.
- The record does not meet the current rules. Our reading, not assessed: The AI companies that would be bailed out are overhyping, economically shaky, and spend far more than they earn.
- The two reviews reached different assessments. Our reading, not assessed: OpenAI is taking on about $1.4 trillion in obligations against roughly $13 billion in revenue.
- Attribution is uncertain
- The two reviews reached different assessments. Our reading, not assessed: Exactly the game described in Marcus's tweet from almost 10 months earlier is now on, which in context means seeking indirect taxpayer backing for AI borrowing.
- The criteria are ambiguous. Our reading, not assessed: Nvidia appears to be pursuing the same play of seeking government support as OpenAI.