Everybody involved at that level knows the AI hype is a sham, so they have their finger hovering above the “sell” button. Open AI’s valuation and cash burn, for example, assume a much higher revenue in the future – but if this upstart can release a similar product with a fraction of the overhead, that cash burn now becomes a massive liability.
Everybody involved at that level knows the AI hype is a sham, so they have their finger hovering above the “sell” button. Open AI’s valuation and cash burn, for example, assume a much higher revenue in the future – but if this upstart can release a similar product with a fraction of the overhead, that cash burn now becomes a massive liability.