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"this is how things are supposed to work." No - the information from ML boils down to falsehoods - this is not how 'capitalism' should work :) Granted, it doe
by edblarney 10y ago
"this is how things are supposed to work."
No - the information from ML boils down to falsehoods - this is not how 'capitalism' should work :)
Granted, it does sometimes happen this way.
More limited investment, with reasonable hype, a longer time frame might have worked better - as a lot of the $$$ spent on ML today will be on marketing, overhead, unecessary staff.
Granted, even if they do go bust, they'll have made some tangible progress that will be leveraged elsewhere.
Google is a big investor - it could be that if ML goes bust, the Google can take hold of the IP, and probably end up hiring a bunch of people and carrying it on. That said, since Alphabet they operate differently.
- argonaut 10y agoCompany lies to sophisticated investors. They fail. Sophisticated investors who did not do proper diligence lose their money. Yes, that's how capitalism works (technically, America's mixed market). Now, if Magic Leap were a public company that lied to the public, yes I would be totally in favor of regulatory/civil, maybe criminal, investigations.