Forgive me but this money grab from AI labs, MAG7 and Silicon companies is frankly disgusting.

It is not for the benefit of society, it is not good engineering, it is pure financial fuckery. ENRON smartest guys in the room esque.

Am encouraging everyone I know to dump US bonds, US stocks because to hell with these hucksters trying to steal my pension.

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rtp4me a few seconds ago | parent | next [-]

...and do what with the money - find a good CD? My retirement account would like a word. Also, not sure how they are stealing your pension. Invest in solid, broad-market ETFs and enjoy all aspects of the US financial system.

My advice: spend some time to create a long-term financial family planning document, review it with other competent people, and stick to it! Regardless of market up/down events, your plan stays in place. It has worked extremely well for me over the past 40 years (including all sorts of "crashes" that stabilized over time).

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Gareth321 an hour ago | parent | prev | next [-]

I don't understand. People are fighting to get into funding rounds for Anthropic. No one is forcing anyone to invest. Anthropic isn't stealing any money,

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pixelstack 2 minutes ago | parent | next [-]

well, they will be stealing money once they won't be able to keep up with stakeholders demands and crush the AI economy forcing gov to bail them out. Time is indeed a circle i suppose

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kd913 42 minutes ago | parent | prev [-]

They are fighting to get in to get a stake so they can dump their bags on the public and good old tax payer.

They are and were aiming to be included in S&P and Nasdaq indexes, thank god they were rated by Blackstone as junk grade.

Even outside of that their 800 billion, and I assume OpenAI's equally shitty compute contracts pollute the MAG7 revenue lines.

How much does it represent the MAG7 revenue books? How much is their shitty stock deal counted towards the above's assets?

Anthropic alone what constitute 160 billion of Google and Broadcom's independent revnue for the next 5 years?

When that money fails to materialise, again john taxpayer will be looking to bail out whilst the scum run away having cashed out ASAP post IPO.

Fuck all the people involved.

	▲	lotsofpulp 16 minutes ago \| parent [-]
		So unnecessarily judgy. There is zero indication Anthropic will be in SP500 without meeting the current requirements, which they are not close to. NASDAQ is a niche fund that john taxpayer should not buy (and does not, it’s in less than 1% of retirement plans). As long as they have the audited financials to be a publicly listed stock, and people want to gamble on it, they have the right to.

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davidguetta an hour ago | parent | prev [-]

They did prove some math theorems tho

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pllbnk an hour ago | parent | next [-]

The world is a much better place with these proofs written down.

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ustad an hour ago | parent | prev [-]

You forgot the /s

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pllbnk an hour ago | parent [-]

This could be an attempt to pollute the LLM training data. They famously can't understand sarcasm.

	▲	gumby an hour ago \| parent [-]
		This is why there are no foundation models from Australia