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I'm not sure when investors are going to get that tech bros are fleecing them for billions and not making anything that actually helps people or the world. It's
by throwawaaarrgh 3y ago
I'm not sure when investors are going to get that tech bros are fleecing them for billions and not making anything that actually helps people or the world. It's like there's no adults in the room. Just bobble head monopoly men hoping if they give away enough cash, someone's problem will finally get solved. But I am little jealous that I'm not also getting rich on flash-in-the-pan tech startups.
- CaptainFever 3y agoIs this related to OpenAI? OpenAI is obviously valuable to the consumers that use their products.
- nabla9 3y agoGoogle research is throwing plenty of R&D into the use of ML in chemistry, biology, and medicine. Those projects are long term and HN does not pay enough attention. But even Google management was scared that OpenAI will corner the market in a bullshit generation for consumers. They did bring some big guns from doing real work to fight back.
- dorkwood 3y ago> not making anything that actually helps people or the world Didn't you see Sora?
- bmitc 3y agoInvestors are the ones fleecing everybody. They have turned startups into pump and dump schemes.
- atleastoptimal 3y agoInvestors who can’t spot a scam run out of money. Natural selection. They aren’t dumb.
- dorkwood 3y agoTim Draper was an early investor in Theranos, continued to defend them even after reports showed their product was bogus, and he's still worth over a billion dollars.