Somehow the stock market is even more fearful than crypto today.
The fear greed index appears to be the same value as the CNN one. The CNN one has a link to explain it. https://www.cnn.com/markets/fear-and-greed
Being the pessimist I am I wonder when and how they change their criteria.
If the valuation of OpenAI in 6 months is not less than what it is now, would you gracefully agree you were wrong?
6 months is nothing and doesn't say anything. But AI is just the frothing on top of the debt bubble, and all the cheap money that is still circulating around the economy. What I'm personally doing is taking on an asset allocation that would weather a potential downfall.
Why is that?
Maybe it is likely that the AI bubble has reached its final stage and is close to popping and those with unjustified valuations will get obliterated when it crashes.
“How can a company with $13 billion in revenues make $1.4 trillion of spend commitments?” Gerstner asked him. “You’ve heard the criticism, Sam.”
“If you want to sell your shares, I’ll find you a buyer,” a taken-aback Altman replied curtly. “Enough.”
Surprised by the confrontation, Gerstner let out a laugh in response.
https://futurism.com/artificial-intelligence/sam-altman-lose...
Uh huh. So, why is OpenAI seeking federal backing, if Altman is that confident that he can find buyers? (Which I am vehemently against. I do not want the US taxpayer to be the bagholder of last resort.)