It’s like animal feral fear. The OpenAi post on Wallstreetbets had a mod delete it. All over they’ve been suppressing what was a freely given quote from their CFO. But you can also see it in the same way investors are acting in sheer terror when there is a tiny 1% drop. They’ve put gasoline and dynamite all over, so even the smallest stuff terrifies them. You should not be this terrified by these bumps, so if they are, what does that say about them.
Yeah, it’s the panic tells that give it away — reflexive, not rational. When markets start reacting like prey instead of predators, it’s because they know the whole structure’s wired too tight. Tiny sparks shouldn’t cause stampedes unless everyone secretly smells the fumes.
It's still a bubble, even if it doesn't or won't at all implode. It's a bubble because the underlying economic realities don't come anywhere close to the current valuation. I.e. it's all so inflated due to speculation.
6 months is nothing and doesn't say anything. But AI is just the frothing on top of the debt bubble, and all the cheap money that is still circulating around the economy. What I'm personally doing is taking on an asset allocation that would weather a potential downfall.
They're supposed to be a major source of AI tools for government. That's not all they do, but that's what has been driving the massive stock price increase.
Well you will never see that ever on the front page of HN.
Why is that?
Maybe it is likely that the AI bubble has reached its final stage and is close to popping and those with unjustified valuations will get obliterated when it crashes.
> “If you want to sell your shares, I’ll find you a buyer,” a taken-aback Altman replied curtly.
Uh huh. So, why is OpenAI seeking federal backing, if Altman is that confident that he can find buyers? (Which I am vehemently against. I do not want the US taxpayer to be the bagholder of last resort.)
Somehow the stock market is even more fearful than crypto today.