Comment by raincole
15 hours ago
That's exactly what people said when Deepseek V3 was released. Two years later the valuations roughly have quadrupled.
15 hours ago
That's exactly what people said when Deepseek V3 was released. Two years later the valuations roughly have quadrupled.
"valuations" are irrational and make dot com _valuations_ look like a miniature caricatures
What dot com valuation would you compare Anthropic or OpenAI to?
The classic dotcom example is pets.com. Would you liken Anthropic to pets.com?
Except the revenues have moved in lock-step with valuations
no one has had to pay back any of the loans yet. the valuations right now mean precisely nothing.
if these hold a year after an IPO then we can talk.
"the market can stay irrational longer than you can remain solvent"
Whenever I see this, all I hear internally is "I'm not willing to put my money where my mouth is"
A better interpretation is that there is a window within which you can make money on an unconventional view. You can't be too close to the market's conventional wisdom, but you can't be too far away from it either.
My mouth is at: I don't want to be exposed to anything related to Musk.
My mind is at: Even though it's overvalued, it will likely keep climbing and won't crash.
Where is the market at?
1 reply →
Because we are still at the first stage of enshittification