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[–] 4 points 10 months ago* (2 children)

The AI investor pitch is one of existential risk. "This industry will eventually erase every other. Every investment you have will be made worthless by this one technology."

The way the average investor sees it, when you have a pitch like that, it becomes irrational not to invest. If you're even 10% sure they're right, you have to hedge.

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  • [–] 8 points 10 months ago

    Unless you know your history and recognize that every single time one of these fantasies takes over the economy, the failure to actually, y'know, be a profitable business ultimately dooms it.

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