And just like how online e-commerce went away when the speculative companies went broke, surely when this market corrects AI will vanish and everything will go back to exactly how it was before.
What? Who gives a shit if AI vanishes or not. The greedy turds manipulating markets and raking in the money now won’t be the ones facing the consequences; that will fall on the rest of us peasants.
The problem with that is market value is decided by some arcane process that sane people can’t comprehend, by which I mean it goes up not if the company grows or makes new/better things but if people with a vested interest believe they can sell it later for a return, similary a materially successful business can go down in flames because a hedgefund decided to bet against it and then make it pay for its own buyout forcing a bankruptcy.
And just like how online e-commerce went away when the speculative companies went broke, surely when this market corrects AI will vanish and everything will go back to exactly how it was before.
What? Who gives a shit if AI vanishes or not. The greedy turds manipulating markets and raking in the money now won’t be the ones facing the consequences; that will fall on the rest of us peasants.
If you’re confident that a given company is overvalued by existing investors, you can sell it short, make money off that assessment.
That being said, if you’re wrong, you can lose money doing the same.
The problem with that is market value is decided by some arcane process that sane people can’t comprehend, by which I mean it goes up not if the company grows or makes new/better things but if people with a vested interest believe they can sell it later for a return, similary a materially successful business can go down in flames because a hedgefund decided to bet against it and then make it pay for its own buyout forcing a bankruptcy.