The sharp drop is the latest sign of anxiety creeping through Wall Street over how long it will take AI companies to see returns on massive investments.
And that’s fine. It incentivizes some weird behavior, but there can be rational strategies that work in that environment, not only the deranged herd behavior that we see during speculative bubbles such as this one. And there are even worse methods of allocating money to investment opportunities (for example, politicians picking winners).
And that’s fine. It incentivizes some weird behavior, but there can be rational strategies that work in that environment, not only the deranged herd behavior that we see during speculative bubbles such as this one. And there are even worse methods of allocating money to investment opportunities (for example, politicians picking winners).