I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?"
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.
enraged_camel•14m ago
A lot of it is prisoner's dilemma and its variants. As an investor, even if you think a particular AI shift is bullshit, you have to take into account the possibility that other investors won't - and at that point you might miss out on the gains.
This is one of the reasons stock market is so disconnected from reality.
j45•4m ago
It will be challenging for non-tech people to present themselves as tech.
Especially those who have not implemented software in businesses trying to suddenly boil the ocean with AI.
AI remains a great step forward to help businesses benefit from technology, with more than one competency around the table.
solenoid0937•25m ago
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.
enraged_camel•14m ago
This is one of the reasons stock market is so disconnected from reality.