this post was submitted on 24 Jul 2024
26 points (100.0% liked)
Technology
972 readers
20 users here now
A tech news sub for communists
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
yup, I suspect this is the typical pump and dump scheme we tend to see with VCs. They're building out a bunch of companies around AI right now, and eating the costs. Then once IPOs start happening, the initial investors are going to cash out and suckers will be holding the stock for companies don't have a workable business model.