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Joined 2 years ago
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Cake day: March 12th, 2024

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  • Funding

    Main financing has come from Goldman Sachs and venture capitalists such as Microsoft co-founder Paul Allen’s Vulcan Inc., Rockefeller’s Venrock, and Richard Kramlich’s New Enterprise Associates. The Government of Russia, through the joint-stock company Rusnano, invested in Tri Alpha Energy in October 2012, and Anatoly Chubais, Rusnano CEO, became a board member. Other investors include the Wellcome Trust and the Kuwait Investment Authority. As of July 2017 the company reported that it had raised more than $500 million in backing. As of 2020, it had raised over $600 million,which rose to around $880 million in 2021 and $1.2 billion as of 2022.

    https://en.wikipedia.org/wiki/TAE_Technologies

    That might be a clue.




  • They don’t want to evaluate the AI they’ve been pushing because they know it won’t justify the massive amounts of money. It’s basically a pyramid scheme now. They’re going to evangelize more to keep themselves afloat.

    They might be trying to make their AI useful simultaneously but it’s never going to catch up to the massive amount of money wasted. So, they’re going to need more money. Once the faucet turns off the golden parachutes will be deployed and the bailouts will begin.