Soooooo …. There’s a public economy in which shares in AI companies are worth zillions and a real economy where banks treat them as junk bonds. Hold on to your hats. It’s going to be bumpy correction.
Jo Wolff
Very important point: SoftBank was pledging *all* of its OpenAI stock (worth $60bn+ on paper) to get a $6 billion margin loan. Banks turned it down due to concerns about the value of OpenAI stock. Banks clearly do not think OpenAI is worth $852 billion.
www.tradingkey.com/analysis/sto...
Ed Zitron
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
