Investors get spooked the only thing they can do is mark it to zero. There's no ... | Hacker News

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harry8 32 days ago | parent | context | favorite | on: Apple sues OpenAI, accuses ex-employees of stealin...

Investors get spooked the only thing they can do is mark it to zero. There's no "getting your money back" It has been spent on salaries, servers, Washington PR firms, political donations...

amazingman 31 days ago | [–]

I'm talking about the money in the bank, the promised money to come, etc. Of course the spent money is already spent.

csomar 31 days ago | [–]

We don't know the specifics of openai fund raises, but there are generally clawback clauses.

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