Katie Martin

So when you have like stupid, speculative nonsense frenzies about nothing, people like companies that are basically like have basically failed or have shrunk dramatically for whatever reason, stick a word on the end of their name and hey, presto, their stock goes up 600% in a day.

So for a little while, people were just like randomly adding the word blockchain to their company name or randomly adding the word crypto to their company name.

And just because the world is stupid, that is enough to send the shares up very dramatically in the very short term.

Well, allow me to tell you another AI thing then in that case.

I read here from the Starbucks website, meet the beta Starbucks app in chat GPT, a new way to discover your next favorite drink.

So if you literally cannot decide what to drink in a Starbucks, which is a situation I can't really...

empathize with on any level, you can ask AI.

And the example that it comes up with from a query saying, what should I try today, is an iced brown sugar oat milk shaken espresso.

I mean, is this what this technology is for?

Oat milk shake and espresso.

I'm old enough to remember when markets were very serious and very serious things happen there all the time.

And now there's just like a whole window of regulated financial markets that's opened up to this sort of just bullshit and it's annoying.

Let's move on from frivolous nonsense to something more serious, which is the thing that you were writing about in the Unhedged newsletter today, which is about like, and it is quite an important question, isn't it?

What is AI worth?

So there's a lot of, there's a handful of stocks.

that are out there that are like super important to the AI ecosystem.

And they're holding up a lot of sky in financial markets, holding up like a large portion of the value of like US stock markets and global stock markets.

And part of the idea behind that is that these companies are going to be able to charge good money for this AI.

But we don't know that that's a thing, right?

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