HEY, BIG SPENDER: Tech Media Propaganda Operation Makes It Official, Goes In-House At OpenAI. “On Thursday, OpenAI announced that it had acquired the Technology Business Programming Network (TBPN) show. The Financial Times reports that the recently de-Sorafied AI giant paid somewhere in the “low hundreds of millions of dollars” for the purchase. The deal immediately prompted a great deal of online handwringing about a nominal media operation selling out to one of the biggest companies in Silicon Valley, which is understandable but unwarranted. Nothing will have to change, as even the independent version of TBPN was already so dedicated to cheerleading for the rich and powerful people in tech as to have been indistinguishable from marketing.”
Maybe not all the interesting in itself, but OpenAI is expected to lose between $111 billion and $143 billion between 2024 and 2029 (OpenAI claims the lower figure, Deutsche Bank the higher one), and TBPN is believed to break even at the very best.
But what’s a few more hundred million between friends?