Matt Levine / Bloomberg:

OpenAI's massive deals show Sam Altman is selling a vision of a world-changing product and achieving it via world-changing financial engineering to raise $1T+  —  Also crypto liquidations, inverse levered ETFs, stock buybacks and trade secrets.  —  OpenAI  —  The essence of finance is time travel.

Matt Levine / Bloomberg:

OpenAI's massive deals show Sam Altman is selling a vision of a world-changing product and achieving it via world-changing financial engineering to raise $1T+  —  Also crypto liquidations, inverse levered ETFs, stock buybacks and trade secrets.  —  OpenAI  —  The essence of finance is time travel.

Source: TechMeme
Source Link: http://www.techmeme.com/251014/p6#a251014p6