Why big business is eyeing a China exit I DW News (youtube.com) (DW)
It seems very unlikely that any business, let alone big business, wants to exit a market that has 25% of the population, is very hardworking and industrious, and has a lot of earned money, and is a growing economy, ie people are buying new things all the time.
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Because at any moment the value of Bitcoin may go to zero, and it is a security for loans from banks, how much does this increase the chance of an economic crash? Of couse, government can offer new currency in such an event, which could be CBDC.
OpenAI announced how they were going to try to become for-profit (a public benefit company which has dual mandata of profits for shareholders and then also whatever their mandate is), with this encouraging piece of language. ‘We once again need to raise more capital than we’d imagined. Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness.'
Almost all AI companies have a publicly stated mission. It gives them a bit of a legal shield if there's an AGI situation and you have to pull the plug.