Ed wrote a post back in 2024 where he claimed OpenAI would fail in 2 years if they didn’t do the, seemingly impossible at that time, things like raising more money than any company before etc.
And OpenAI did all of that and is still alive today. Would be good to know this context because if you are out there boldly making doomer predictions month after month then you should also rate your previous ones.
Because one day Ed will be right and he’ll go around and take a victory lap while ignoring he has basically not been right before.
Timing is always next to impossible to predict. Open AI has managed to continue to find investors and as long as they continue to do that they will be around no matter how much money they lose.
Core of my comment is
1/ being wrong on timing is being wrong
2/ There is no clear definition of bubble burst. Public markets were down 10% in July and many stocks like SNDK fell 50% -- is this a bubble burst?
Comments
Ed wrote a post back in 2024 where he claimed OpenAI would fail in 2 years if they didn’t do the, seemingly impossible at that time, things like raising more money than any company before etc.
And OpenAI did all of that and is still alive today. Would be good to know this context because if you are out there boldly making doomer predictions month after month then you should also rate your previous ones.
Because one day Ed will be right and he’ll go around and take a victory lap while ignoring he has basically not been right before.
Timing is always next to impossible to predict. Open AI has managed to continue to find investors and as long as they continue to do that they will be around no matter how much money they lose.
Bold prediction.
Sounds like his prediction in 2024 was spot on.
So the core of your comment is...."the bubble has not burst yet, therefore there is no unsustainable bubble" ?
Core of my comment is 1/ being wrong on timing is being wrong 2/ There is no clear definition of bubble burst. Public markets were down 10% in July and many stocks like SNDK fell 50% -- is this a bubble burst?