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Comment by chrisgd | Hacker News Reader

The market (over)reacted to the OpenAi announcement sending Oracle’s share price up and now may be overreacting to Altman’s interview with an investor pushing their stock price down. And we are measuring (what seems like) a non-binding investment against market cap which swings everyday.

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The market is priced for perfection. Delivery is underwhelming. I think the audacity and hijinks of Altman, Musk, the Trump whack pack, Theil, etc in this zero regulatory environment is starting to wear thin on Wall St.

The honest players like NVidia, Micron, Microsoft, Meta and Google who are shipping product or making money with this tech. IMO there’s a non-zero probability that OpenAI and the “Elon cinematic universe” are Enron style disasters.

The SEC is essentially gone. Their contracts with FINRA mostly cancelled. You can’t invest like it’s 2024.

Why do people say “non-zero probability” instead of “chance” or “possibility”?

I say it when I really don’t have an opinion about the likelihood and don’t want to choose a word that infers high/low.

Do you mean the bg2 pod interview?

Is it just me, our does this feel like the AI grifters doing the same market manipulation tricks that their new best friends (or their past selves) the Crypto Currency grifters used, only this time with private company stock price insane valuation deals instead of magical internet money beans?

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