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> This is the weirdest technology market that I’ve seen. The phenomenon you're seeing is well described here: "The Perfect AI Startup" (https://www.bloomberg.c
by xnx 1y ago
> This is the weirdest technology market that I’ve seen.
The phenomenon you're seeing is well described here:
"The Perfect AI Startup" (https://www.bloomberg.com/opinion/newsletters/2025-09-29/the-perfect-ai-startup https://www.bloomberg.com/opinion/newsletters/2025-09-29/the...)
“It was the most absurd pitch meeting,” one investor who met with Murati said. “She was like, ‘So we’re doing an AI company with the best AI people, but we can’t answer any questions.’”
Despite that vagueness, Murati raised $2 billion in funding...
- baobabKoodaa 1y agoMatt Levine never disappoints.
- keeganpoppen 1y agomatt levine never misses
- HarHarVeryFunny 1y agoI wonder how the investors feel now seeing what the initial product is?! Maybe investing in all well-connected AI startups is safer than trying to pick the winners and losers?
- SAI_Peregrinus 1y agoIf you have N startups, and expect at least 1 of them to make >N times what you invest in each, then investing that amount in each one of them will still be expected to have a positive ROI. If none of them "hits it big" then you lose all the investment money, but if any of them grow enormously you profit. Trying to pick winners & losers in advance is much more difficult, investing in an entire business sector is the VC version of an index fund.
- HarHarVeryFunny 1y agoExactly.
- iLoveOncall 1y agoThat's fine but none of them expected to invest 2 BILLIONS to get a half-backed IaaS product as the result. That would be fine if the investment had been $10M, but that's the math isn't mathing with that level of funding.
- pksebben 1y agoFrom a certain angle, this is the market correcting towards the abstraction. Between inflation, fiscal capture, and the inane plethora of ridiculous financial vehicles that are used to move capital around these days, the argument could be made that the money was already funny. This is just the drop of the final veil, saying "well it's not like these numbers mean anything anymore. I do have enough yachts. Fuck it, see what you can do with it".
- pksebben 1y agoedit: Is LeCun wearing those godawful meta-camera-raybans? Am I tripping?
- prairieroadent 1y ago[dead]
- toomanyrichies 1y agoArchived copy of the Bloomberg article here: https://archive.ph/jGOGW https://archive.ph/jGOGW
- zombiwoof 1y ago[dead]
- belter 1y agohttps://www.wheresyoured.at/big-tech-2tr/ https://www.wheresyoured.at/big-tech-2tr/