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OpenAI Is a Systemic Risk to the Tech Industry

Before we go any further: I hate to ask you to do this, but I need your help — I'm up for this year's Webbys for the best business podcast award. I know it's a pain in the ass, but can you sign up and vote for Better Offline? I have

As of now, Stargate has exactly one data center under development in Abilene, Texas, and as above, it's unclear how that's going, though a recent piece from The Information reported that it was currently "empty and incomplete," and that if it stays that way, "OpenAI could walk away from the deal, which would cost Oracle billions of dollars." Additionally, while equity is often treated as income for tax purposes — as is the case when an employee receives RSUs as part of their compensation package — under the existing OpenAI structure, Microsoft isn’t a shareholder but rather the owner of profit-sharing units. Everything that I'm describing is the result of a tech industry — including media and analysts — that refuses to do business with reality, trafficking in ideas and ideology, celebrating victories that have yet to take place, applauding those who have yet to create the things they're talking about, cheering on men lying about what's possible so that they can continue to burn billions of dollars and increase their wealth and influence.

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