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Former Enron Banker Points Out "Intriguing" Parallels With OpenAI

Futurism LogoFuturism17h ago

Former Enron Banker Points Out "Intriguing" Parallels With OpenAI - Futurism

Quick Summary:

Bad Company Remember Enron, the American energy company that went belly up after it was exposed for one of the biggest accounting frauds in history?

According to an investment banker that once dug into its finances, it bears some "intriguing" parallels with the tech industry's biggest darling: OpenAI.

The ChatGPT maker was last valued at a whopping $157 billion after cinching another several billion in funding last October, making it one of the most valuable private startups, or unicorns, in the world.


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Article Details

Author / Journalist: Frank Landymore

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 18:13:57 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 25011602

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 8 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #68

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