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Cake day: July 17th, 2025

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  • Openai has an “at cost” azure deal with Microsoft. They don’t make any azure money from them.

    This feels like a mix of “keep the bubble moving somehow” hype and a shot across the bow at Microsoft, who are in a nasty back and forth with Openai right now because openai wants to break its early deals with Microsoft to go fully for profit to get a large amount of funds from Softbank. Microsoft isn’t okay with that, as it would cost them exclusivity to Openais tech and various other things.


  • If you’re sure you’re going to make $1,000,000,000,000,000 as long as you hold onto 10000 pieces of paper, selling them for way, way less than that is very stupid. Even if it’s generational wealth, it’s still very stupid.

    Most of the openai share owners are already millionares, either via the high salaries or whatever. To have people like altman, a billionaire, sell “trillionare” shares for mere millions of even hundreds of millions strongly implies a need to cash put at the top of the bubble, put those hundreds of millions in your hyped up pocket, and let the rubes hold the bag.

    The other part of this is the marketing. It may very well be the biggest IPO ever, which will be splashy and loud and keep the bubble going longer, which is exactly something you want if you have no substance to show instead.