The Venture Capital "Cycle of Insanity"

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The AI mentioned after being questioned: "There's no way to return their investment. Investments are risky and they hopefully diversified. Thank you for understanding."

Well when it comes to Wall street it is more like throwing other peoples money into a big pile, getting your commission, then watching it burn.

Sam: Chat GPT, how can I make a profit? Chat GPT: Hose the VC. They have an estimated tolerance of up to 7 trillion dollars.

Imagine having a business model that is essentially just the South Park "Underpants Gnomes" bit. Incredible.

Fun fact: OpenAI CEO Sam Altman was responsible for WorldCoin, the crypto project in which people submit to a spherical device that SCANS their retina in order to gain access to the coin. This should be enough for people to seriously question this man's motivations.

I feel like it would improve your argument and inform your audience to start by describing how venture capital investors actually make their money. “Throwing it into a heap and setting it on fire” might be funny, but it doesn’t make any sense and doesn’t have anything to do with their actual strategies. For those that don’t know, venture capital investors extremely abbreviated strategy is to invest heavily in a company or set of companies (in exchange for a controlling interest), publicize them heavily, and get them to an IPO or sale to recoup their investment before the buyers or public realize that the company isn’t at all viable.

Ludwig von Mises "Public opinion always wants easy money, that is, low interest rates." Cheap money causes massive malinvestment.

the data scraping damage done by genAI to our digital society & culture is so irreversible ( be it images, voice etc) Once the dust settles we need to be vigilant as to where the money trail ends up. The only silver lining I see from this is that it clearly shows us that "hyper-consumerism" is something we need to control as a society.

“The definition of insanity is doing the exact same thing over and over again expecting things to change.” I would argue that it’s not the definition of insanity but the definition of human history.

Honeslty the first time I heard about the definition of insanty was from Vaas in Far Cry 3 so I thought thats where the line originally came from when I was a kid 😂.

Venture capital is one big fever dream. Funding vaporware products.

Jon Tron said it best, "but that's because he is, 100% butt-f**k insane."

Screw the rules Yugi. I HAVE LOOT BOXES!

If you were to replace the word "AI" with the word "algorithm" in every written article or video about AI, it would make just as much sense, meaning there is no difference between AI and algorithm. For example: "The AI generated the image" vs "The algorithm generated the image." The only difference is that if you use the word algorithm in your pitch to investors, you can't ask for a $7 Trillion valuation for your company, but with AI you can.

Inb4 7 crypto bro accounts show up to explain how they’re going to be billionaires next month. 🎩 🐍 no step on snek!🇺🇸🇭🇰

"bonkers level insane kookoo baanas down the rabbit hole alice in wonderland what the f**k is happening" is the definition of the state of the world right now. also , im asking permision to use this quote twice a day for the rest of my life please.

yes, FarCry 3. After that, everywhere. edit: Nvidia is all in on AI. Interesting...

The VC industry, and big tech, are massive trend followers

Nah, the biggest version of this is our entire banking system.