The ChatGPT maker is raising funding that would value the company at $150 billion but also dealing with executive exits and considering a major restructuring.
The ChatGPT maker is raising funding that would value the company at $150 billion but also dealing with executive exits and considering a major restructuring.
The economy is supposedly bad, but people will still invest hundreds of billions in a company that loses billions of dollars a year.
How to short?
So far A.I. is good at putting out bad copywriting and creating wet looking images featuring a giant eyeball somewhere in the picture.
Kamala Harris president EUA
My company is worth infinity
Chatbots are going to flood the Internet with their "content" which will then get recycled into the training database, degrading the quality of the new "content," which will also get recycled and so on until it's all hallucinatory sludge. The $150 billion will go the way of Elon's $44 billion.
Sounds like the next big crash. But hey, bankers should know in what to invest and what not,.. right? On the other hand, compared to all of the Subprime fiasco 150 billion isn't to terrible.
The clown show continues
Capitalism in action. Wealthy people throwing around obscene amounts of money for a product that way under-delivers and hurts society as a whole.