It's called exit capitalism. They hope to create enough hype so they can sell off their share to the next idiot for a higher price.

Investors are not smart people

I think you overestimate the amount of knowledge, instinct and just plain research these VC people put on investments (I guess when you have money, if one of 10 hit you made it anyway?)

When the game Pokemon Go came out, Nintendo's stock skyrocketed to the point Nintendo had to come out and publicly explain they had sold the IP, were not behind the game and made no money from it... "Investors" thought otherwise and started pouring money literally at the wrong company

There are plenty of similar examples...

Because the investors are always using Other People’s Money. They “invest” OPM and if it succeeds they take a huge cut and proclaim themselves to be geniuses. If it fails, they shrug and make up some BS to console the loser.

They used the phrase AI and humane in the same sentence. Investors who aren't very technical would get very excited about it of course.

I used to work in a company that was VC adjacent.

Most of the people sitting on piles of money don't have any knowledge or radar to help them negotiate where to put it. They lean heavily on other people to tell them what to invest in.

When AI first started getting big everybody was guessing where the curve was going to be and where the technology was going to head. The people guiding the venture capitalists were putting their oars in the water early.

To be fair there's a lot of money to be made in AI assistants if they can manage to run the back end affordably. If you're asking Google, Siri, and Alexa complicated questions they're miserably fit for the task. But when we get to the point where you can expect a reasonable answer from something like look up all the places to rent cars near Tucson Arizona give me the cheapest price with the best reviews. Or tutor my kid on basic calculus, test him, and give me a report on where he needs more assistance. That kind of stuff is worth money and something that many people with money will pay for.

This form factor is off-putting and honestly AI at this point is still only mostly right.

The VCs are all over AI and there's opportunity there. Just not on every product and probably not yet.

Obviously not the case for most of us wagoids

Then stop sitting on yo ass and unionize

I'd've had tons of fun working on it, but they probably paid their engineers chiefly in equity, so I never would have taken the position anyway.

Those were not the engineers you want to see do cool things

Money doesn’t buy real friends. Doesn’t buy real love. Doesn’t buy real happiness.

No, but what it does buy is the time to do those things, at least until the global system actually changes. I mean you're not entirely wrong, its all fake, but also real at the same time.