Rekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-22 months agoOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comexternal-linkmessage-square27fedilinkarrow-up1148arrow-down14
arrow-up1144arrow-down1external-linkOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comRekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-22 months agomessage-square27fedilink
minus-squareAdamBomb@lemmy.sdf.orglinkfedilinkEnglisharrow-up1·2 months agoBut wouldn’t he have to repay such loans?
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up5·2 months agoYes, with the money he’d earn off the money he borrowed. This is why taxing unrealized gains is a national conversation. “It’s not money until you sell it” but you can borrow it like it’s money and make actual other money with it likes it’s money.
minus-squareAdamBomb@lemmy.sdf.orglinkfedilinkEnglisharrow-up1·2 months agoThis is an informative answer, thank you
minus-squareamzd@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoOnly if the collateral he put up goes down in value too much
But wouldn’t he have to repay such loans?
Yes, with the money he’d earn off the money he borrowed. This is why taxing unrealized gains is a national conversation. “It’s not money until you sell it” but you can borrow it like it’s money and make actual other money with it likes it’s money.
This is an informative answer, thank you
Only if the collateral he put up goes down in value too much