Alphane Moon@lemmy.world to Technology@lemmy.worldEnglish · 4 months agoMicrosoft seemingly just revealed that OpenAI lost $11.5B last quarterwww.theregister.comexternal-linkmessage-square44linkfedilinkarrow-up1517arrow-down14
arrow-up1513arrow-down1external-linkMicrosoft seemingly just revealed that OpenAI lost $11.5B last quarterwww.theregister.comAlphane Moon@lemmy.world to Technology@lemmy.worldEnglish · 4 months agomessage-square44linkfedilink
minus-squareAlphane Moon@lemmy.worldOPlinkfedilinkEnglisharrow-up37arrow-down1·4 months ago If you owe the bank $100, that’s your problem; if you owe the bank $100 million, that’s the bank’s problem.
minus-squareKirp123@lemmy.worldlinkfedilinkEnglisharrow-up40arrow-down1·4 months agoThe difference between 100 million and 11.5 billion is about 11 billion. If you own a bank 11 billion that’s not only that bank’s problem, it’s the economy’s problem.
minus-squareAlphane Moon@lemmy.worldOPlinkfedilinkEnglisharrow-up1·4 months agoI was referring to the general concept behind the quote. I originally want to post the OG (apocryphal?) variant: Owe Your Banker £1,000 and You Are at His Mercy; Owe Him £1 Million and the Position Is Reversed But it sounds rather quaint these days.
The difference between 100 million and 11.5 billion is about 11 billion. If you own a bank 11 billion that’s not only that bank’s problem, it’s the economy’s problem.
I was referring to the general concept behind the quote.
I originally want to post the OG (apocryphal?) variant:
But it sounds rather quaint these days.