Former Enron Banker Points Out "Intriguing" Parallels With OpenAI

Former Enron Banker Points Out "Intriguing" Parallels With OpenAI
futurism.com

by Frank Landymore • 1 month ago

An investment banker, Benjamin Riley, draws alarming parallels between OpenAI and Enron, highlighting concerns over OpenAI's lack of profitability and opaque corporate structure. He recalls his experience valuing Enron's ventures, which were based on projections rather than actual business. Riley points out similarities in investor enthusiasm and ethical issues surrounding leadership, suggesting that the blind hype surrounding OpenAI could lead to a similar downfall as Enron's collapse.

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