The AI investor pitch is one of existential risk. “This industry will eventually erase every other. Every investment you have will be made worthless by this one technology.”
The way the average investor sees it, when you have a pitch like that, it becomes irrational not to invest. If you’re even 10% sure they’re right, you have to hedge.
Unless you know your history and recognize that every single time one of these fantasies takes over the economy, the failure to actually, y’know, be a profitable business ultimately dooms it.
The AI investor pitch is one of existential risk. “This industry will eventually erase every other. Every investment you have will be made worthless by this one technology.”
The way the average investor sees it, when you have a pitch like that, it becomes irrational not to invest. If you’re even 10% sure they’re right, you have to hedge.
Unless you know your history and recognize that every single time one of these fantasies takes over the economy, the failure to actually, y’know, be a profitable business ultimately dooms it.