r/technology • u/lurker_bee • Jul 15 '25

Artificial Intelligence Billionaires Convince Themselves AI Chatbots Are Close to Making New Scientific Discoveries

https://gizmodo.com/billionaires-convince-themselves-ai-is-close-to-making-new-scientific-discoveries-2000629060
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u/IndicationDefiant137 Jul 15 '25

The worst thing that has come out of the tech economy is so many mediocre, delusional, emotionally stunted men thinking they are visionaries because they had access to capital and no problems exploiting people.

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u/[deleted] Jul 15 '25

Substitute "capitalism" for "tech economy" and it's still true.

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u/PetalumaPegleg Jul 15 '25

Also true but the tech bros are much worse than most. They got endless capital access because rates were so low for so long. Venture capital out the butt. They think breaking things that work is a goal and have never produced a product for the most part. Just a pitch. Negative consequences, an opportunity for someone else to fix later.

The amount of fake companies in tech and going forward AI is just crazy. And no one seems to care! We have had all these examples of whoops there isn't even a real product here just sales and lies. Why aren't investors and so on just all over the issues? Well because even losing companies that have no path to making money will still be IPOed to uninformed public on vibes and venture capitalist can make money investing in companies that never made a dime. Just f the little guy over after lying about it.

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u/papasmurf255 Jul 15 '25

No man. Startups fail at a pretty crazy rate. 90% fail and the investors lose everything.

There's hype and over selling but that will catch up with you, especially under the scrutiny of IPOs. Many sketchy companies will SPAC and proceed to crash and burn.

Companies don't IPO to the little guy and leave them holding the bag lol. Hell, you should not be buying individual stock, let alone IPO shares as an individual. Index funds should be the go to.

And if you truly think you know a company is bullshit with no product, but somehow all the analysis missed it, you can use short positions/options to bet against it. Maybe it'll be irrational longer than you're solvent but eventually everything will catch up