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> throwing money to stupid start-ups peddling this nonsense And this is why god invented short-selling. If startups were openly traded instead of privately fun
by Bartweiss 9y ago
> throwing money to stupid start-ups peddling this nonsense
And this is why god invented short-selling. If startups were openly traded instead of privately funded, I think we'd see a lot of technologists setting up massive bets against "full automation" and "solve everything with AI" projects.
It's not easy to get people (especially politicians) to listen to bad news, no matter how loudly you shout it. But in a lot of markets, downward pressure comes from the ability of cynics to enter the market and get payouts from guessing (or knowing) that some promise is impossible.
In the meantime, I suppose we'll all keep yelling. But when trigger-happy investors and unaccountable state funding are shaping the market, I'm not sure how much good it'll do.