

Oh man this is peak venture capitalism crossed with Factorio - valuations are actually cash, and a factory is a black box where you just upload new software and other stuff comes out.
Let’s take your average holder of car manufacturer stock. You’re holding the stock because you believe the car manufacturer will continue making competitive products, and you’ll get either dividends or higher valuations. Then OpenAI pitches up and offers you - what? They don’t even have stock! Even if they did, you’re exchanging a stake in something known for stake in an enterprise that have never made any cars, and when asked what kind of business plan they have they look shifty. No fucking way anyone will sell their stake for less than double what they have, especially if they find out the factory they’re selling is gonna produce machines that will kill us all.
“Shocker”, yeah right. Least surprising appearance ever.