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"If you owe the cloud computing company a hundred dollars, it's your problem, but if you owe the cloud computing company 207 billion dollars..."

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Too big to fail. It's essentially 08 part 2 with the expected irr.

But this is not a bank, or an airline, or a real estate giant.

If OpenAI goes bankrupt, what happens? People won’t be able to write their precious slop oh no and serious professionals will just switch to any other LLM provider

Users might simply switch to Gemini or Claude but partnered companies might go bankrupt or see their stock tank.

OpenAI deals will likely end up with government backing in the next 12 months. Then we’ll all be on the hook for it.

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