eicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square379linkfedilinkarrow-up1959arrow-down122
arrow-up1937arrow-down1external-linkAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agomessage-square379linkfedilink
minus-squareBlaestEgnen@feddit.dklinkfedilinkEnglisharrow-up1·3 days agoBut that’s two different funding mechanics. Defined benefit, buys bonds. So the government wants to build a metro in Sydney, borrow the money and own 100%. Defined contribution, buys ownership. So the government wants to build a metro in Sydney, sells 40% ownership to fund the building phase.
minus-squarehitmyspot@aussie.zonelinkfedilinkEnglisharrow-up1·3 days agoYes, different mechanisms and different outcomes. However, that doesn’t make one better for business as you mentioned. They just act in different ways for all parties.
But that’s two different funding mechanics.
Defined benefit, buys bonds. So the government wants to build a metro in Sydney, borrow the money and own 100%.
Defined contribution, buys ownership. So the government wants to build a metro in Sydney, sells 40% ownership to fund the building phase.
Yes, different mechanisms and different outcomes. However, that doesn’t make one better for business as you mentioned. They just act in different ways for all parties.