undefined | Better HN

0 pointskonschubert4mo ago0 comments

So basically, Amazon is buying into the IPO at an early price. Maybe this is the time to divest from MSCI world. I don’t want to be the bag holder in the world’s largest pump and dump.

It can both be true at the same time: That AI is going to disrupt our world and that Open AI does not have a business model that supports its valuation.

0 comments

3 comments · 3 top-level

WarmWash4mo ago

Tesla is a car company with relatively small, and shrinking, sales, that is worth $1.5T on the promise of [Elons_Promise_of_the_Month]

2 more replies

general_reveal4mo ago

Did it ever occur to you that an entire generation of developers are going to retire in less than 20 years? They are betting that the software industry will be autonomous. Really, think of our industry like AUV phenomena. We’re the drivers that are about to be shown the door, that’s the bet.

World will still need software, lots of it. Their valuation is based on an entire developer-less future world (no labor costs).

6 more replies

RobotToaster4mo ago

Exactly, the dot com bubble didn't mean that the internet was just a fad.

j / k navigate · click thread line to collapse