Remix.run Logo
letmevoteplease 5 hours ago

Not sure how to square this post with recent headlines like "SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet".

avianlyric 20 minutes ago | parent | next [-]

SoftBank hold huge positions in companies like OpenAI, funded using debt. The interest on those loans is killing them, and until OpenAI actually IPOs and SoftBank can sell their stake, they have to pay that interest using cash from somewhere else.

iterateoften 5 hours ago | parent | prev [-]

Paper money vs cash