this post was submitted on 31 Oct 2025
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Fuck AI

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On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.

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[–] fodor@lemmy.zip 3 points 1 week ago

That's the question and I think that's the scam. Some people might actually buy those shares but maybe other people won't do so intentionally (but will unwittingly) because they don't manage their own portfolio.

Perhaps there are other people here who know how common that setup is where you could get screwed by a scam like this because you don't have control. I think the most recent major parallel was the crypto currency. Many people were told they should make it some percent of their portfolio and everyone who did so lost a lot of money. If they were actually running their own portfolio then clearly it's their fault but if they have a bad advisor then clearly it's the advisors fault. Or if they thought they had a stable index fund but somehow that index fund included crypto, then it's the index fund organizational team that screwed the pooch...