With a ~40 billion usd hole (netloss) Openai keeps it´s word by staying a nonprofit company 🤣
this post was submitted on 18 Jun 2026
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This misapprehends the business models of techno feudalism: you operate at a loss, running on VC money which is fairly endless. You offer a freeish service to grow your brand. Then when you list on the stock exchange you live off debts loaned to you by the bank on the basis that your company is worth millions or billions.
I have no doubt ChatGPT is, and that Sam Altman lives with no taxable income to speak of. He's just accumulating bank loans and paying them back with other bank loans secured by OpenAIs growing stock price and company valuation.
Money isn't real to the elite classes. Actually I believe Stalin and Churchill once stopped at a Cafe sometime after WW2, they realised no one travelling with them had money to pay for the money and service of the Cafe... Because they didn't need money. It's accepted when you're at that level.