Comment by simianwords
Comment by simianwords 2 days ago
why do you think they are betting on it if it so obvious to you that it won't work?
Comment by simianwords 2 days ago
why do you think they are betting on it if it so obvious to you that it won't work?
Sure, I don't claim all of them go well. Do you want to run a hypothetical exercise on how many they get right vs wrong? And based on that we can see if this is a "fantasy" or not?
No but you're claiming "if they all are investing X amount then these bets obviously must pan out". If you follow that rationale then it means that all bets that these company's make in the same space must all pan out. So if they don't all pan out then the fact that they're all making bets isn't a sound rationale for it being true.
As others have pointed out, investors notoriously have FOMO, so rationale actors (CEOs of big tech) naturally are incentivized to make bets and claims that they are betting on things that the market believes to be true regardless if they are so as to appease shareholders.
No, i don't claim that all bets must pan out - simply that most bets are made intelligently with serious intent.
that's the way i see this bet as well.
your take on investors is naive and largely incorrect - its the musical chairs theory of markets.
Because it will inflate their stock valuations? It's like with fusion energy or going to Mars etc., constantly X years away and currently economically unfeasible.
I'm not sure if you're joking, but "AI datacenter in space" is the kind of phrase that attracts investors, that's straight from Musk's playbook for keeping the stock trading at ridiculous P/Es, especially now that he is planning SpaceX IPO.
why does it attract investors if it is so obvious that it will fail?
it is a ridiculous conspiracy theory you are trying to assert - musk comes up with an absurd idea that captures investor's attention. its not like he wants to make a good product, he just wants to fool investors. not only that, he fools them, gets the money and then puts said money into this venture that obviously won't work. why does he waste his time into a venture that obviously won't work? who knows
> Do you want to run a hypothetical exercise on how many they get right vs wrong? And based on that we can see if this is a "fantasy" or not?
Just because some CEOs pour billions into fantasy projects it doesn't mean they're viable. Otherwise we all would be in the metaverse wouldn't we?