What it seems to me has happened is that the world's largest ever private funding round

just closed for a company that lost $14 billion this year is projecting to lose another

143 through 2029.

It just shut down SORA.

It's flagship non-chatbot consumer product because it only ever made $2.1 million.

And one third of the money coming in this round

literally must be repaid by next year. Yes. Uh-huh. Okay. Cool. Is the lot riding on this?

Yes. Oh, shit.

Would it be the entire economy, more or less? Is it bad if that doesn't work?

Well, that's the thing, though. Like, this is, the, the markets are writing on this, but the economy isn't. And if Open AI shits its pants, if soft, if soft bank dies, that could really be bad for the Japanese economy. You know, the bank part. The soft part's fine. Yeah, the soft part's fine. That's just their economics. It just, when I think about this stuff, I feel crazy, because when I try and talk to

journalists about it, they're like, yeah, it's fine, mate. Every time, like, it's fine, mate, yeah, they'll work it out. Amazon Web Services lost money. No, it didn't. Not the same thing. They say Uber lost money as well. Yeah. But also the what I also think is like, but Uber had a use case. Also, Uber didn't lose anywhere near as much money. And Uber didn't have to, Uber's business model is the same as it was at the beginning. They're just not charging $5 a ride. Users were stupid. They didn't have a subscription where you paid $200 a month and could get $2,000. $2,000 worth of rides.

Like, Anthropics doing rate limits during, this is so funny as well, they're doing

rate limits during peak hours.

But those peak hours are 5 a.m. to 11 p.m.

So just like the entire day, as long as you don't use this during the day or the early

morning, you are fine. I also noted that their peak hours don't use this during the day or the early morning, you are fine.

I also noted that their peak hours don't move by time zone.

No.

So it's all just, it's Pacific time.

Yeah, it's all freaks in San Francisco.

Incredible.

It's freaks in San Francisco and then normal people elsewhere.

...