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is it securities fraud? sort of. If Mark, both through Meta and through his own resources, has the capital to hire and retain the best AI researchers / teams,
by NickC25 2y ago
is it securities fraud? sort of.
If Mark, both through Meta and through his own resources, has the capital to hire and retain the best AI researchers / teams, and claims he's doing so, but puts out a model that sucks, he's liable. It's probably not directly fraud, but if he claims he's trying to compete with Google or Microsoft or Apple or whoever, yet doesn't adequately deploy a comparable amount of resources, capital, people, whatever, and doesn't explain why, it could (stretch) be securities fraud....I think.
- genewitch 2y agoAnd the fine for that? Probably 0.001% of revenue. If that.