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Joined 2 years ago
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Cake day: August 9th, 2024

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  • Companies like Nividea, who are turning huge profits right now because of demand from AI, are the main bright spot in the stock market right now.

    OpenAI, with just 3000 employees, is “worth” $300-$500 billion right now, while losing $5 billion a year and is still without profitability even on the horizon. It’s hard to say if they’ll ever figure out how to monetize it and how much it will be worth at that point.

    These are big big numbers and if the AI hype died overnight, so would a lot of the stock market.