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Kevin Kortum

59 posts

Posts by Kevin Kortum

🤖 OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates

**FT

Based on a total cumulative deal value of up to $1.8tn, OpenAI is heading for a data centre rental bill of about $620bn a year — though only a third of the contracted power is expected to be online by the end of this decade.

The charts on this article are wild. I believe they’ve raised over $60 billion so far, so over the next five years they will 4x that—just to continue to lose money. And that’s assuming they double their paying user base. Obviously the intent for these companies is to find ways to

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🤖 San Francisco’s youngest billionaires are betting on a new kind of job boom

SF Standard

When I pressed Foody on his utopian vision, and why he thinks tech companies won’t hoard the spoils of the AI boom, he waved his hand and described a future in which everyone has $10 million in purchasing power, lives in a nice apartment, and works only if they want to.

Oh yeah, because every 22-year-old has vast experience of what it’s like at the workplace for all types of jobs across the country. Problem solved, everyone, you can now work when you want and buy anything you want! It’s getting ridiculous.

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💸 Everybody Stand Down: New Yorker Columnist’s Child Doesn’t Care About Sports Gambling

Defector

The people who own and populate the sports discourse have every professional incentive not to “freak out about sports betting,” because the vast majority of them are for all practical purposes employees of sports betting concerns. That, not to put too fine a point on it, is the precise reason why a question like “Is gambling really threatening the integrity of sports?” is still being treated as though it is up for discussion at a time when there are simultaneous active federal bet-fixing investigations against active players in three different highly visible professional sports

I didn’t read the

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