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Cake day: June 11th, 2023

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  • Earthwormjim91@lemmy.worldtoTechnology@lemmy.world•*Permanently Deleted*
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    20 days ago

    No, I know what it means. I don’t think it applies here. It would apply to something like a pump and dump scheme, where the people know the bag is already empty, but they fluff it up and try to pass it off on someone else before the whole thing collapses.

    That’s not what these companies are doing. They legitimately believe that AI will eventually become profitable and are trying to corner the market and be the dominant player. They WANT the crash. They just want to be the ones that survive it. That’s not the same as trying to leave someone else with the bag at the end of it.


  • I don’t think that’s really the same. Not being left with the bag means you know already know the bag is empty and pass it on to someone else before they realize it’s empty. Like a pump and dump scheme.

    That’s not what these companies are doing. They’re not trying to leave investors holding the empty bag. They are legitimately trying to turn profitable and corner the market.