FTC Realises Microsoft Buying Fake 'Clients' to Fake "Revenue" (Microsoft 'Buying' Services and Products From Itself!)
Truth at last? Accountability? Better late(r) than never? Will any arrests be made (not likely, jails are not for rich people)? This is not about "shrewd" or "clever" business people. It is a form of white-collar crime, but they have a way to 'perfume' such actions (like passing a bribe to presidents under the guise of "contributions"), except here we're talking about billions, not millions. If Scam Altman and the company file for bankruptcy, who will pay for the black hole of fictional capital, based on faked "worth"?
Consider this. A form of Ponzi scheme of Microsoft (in debt)? Or akin to buying one's own shares or asking family/friends to fake "worth" by buying a "share" for inflated prices?
We've been saying exactly that for a very long time. What took so long? This is the original (with paywall):
Again, where have those regulators been since 2022? They're way too late. It's a shell game. So-called "open"AI is deep in debt so that Microsoft can fake "profits". There is no viable business model here, it's a bubble enabled by deceit, further enabled by corrupt media that keeps cheering for naked emperors (it gets paid to do this, effectively participating in the scam). Whistleblowers, in the meantime, die in their own homes. █