Posted by Brajeshwar 5 hours ago
In actuality AI is the consultant.
I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
No one cares about the product any more. And that will be the end of all of this.
The more trendy boxes you tick, the broader the universe of people whose box you tick and who can thus invest.
This is one of the reasons stock market is so disconnected from reality.
Perhaps the investment is more on the “greater fool” theory. “I think this is complete nonsense, but there’s probably someone not as savvy who will buy into this garbage idea upon which I can profit.”
They don't and the people who are falling for this rhetoric are naive. Most investors _should_ invest more in AI companies. And most companies _should_ invest in AI. It is the rational move and it is exactly what we are seeing here. I don't know what the hysteria is about.