Artyom@lemm.eetoTechnology@lemmy.world•OpenAI, valued at $157 billion, isn't profitable. Should that be normal?English
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13 hours agoFinance bros who run wall street are all idiots, so they designed a system where no matter how stupid they are, they’re always right. If you get a bunch of finance bros in a room and give a really good sales pitch, your valuation can triple despite nothing real actually happening.
In the case of AI, even the foremost experts are uncertain about how useful AI is. Qualified people disagree and no AI based tool has really proved itself to be robust, but it is amazing at fooling people who are either dumb or willfully ignorant, so it’s like crack cocaine to anyone who works on Wall Street.
Ah, but if Johnson rallies votes behind him, he can negotiate the return of Tik Tok for personal gain, which is why everyone is there in the first place.