I find the Howard Hughes $HHH board decision to roll over and accept Bill Ackman’s deal terms to be ridiculous.. he effectively paid about $300mn control premium near market lows while loading minority investors with heavy fees and shifting it to a diversified holding company.

Leaving aside questions over whether funding is "secured", it's going to be next to impossible for OpenAI to cover its costs let alone earn a return when there is no moat in this business, and models can be distilled for a fraction of the cost and priced that way.

Michael saylor, sam altman, elon musk are like modern day religious figures running their own respective cults.