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Concerns Mount Over Potential AI Market Bubble in Silicon Valley
In Silicon Valley, growing concerns about an AI market bubble are sparking debates among industry experts and investors. OpenAI's CEO, Sam Altman, acknowledged the speculative fervor surrounding AI, admitting that some investments may be overvalued due to 'financial engineering.' Despite OpenAI's ra... [More info]
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Rigged System, Not Capitalism - Tom Bilyeu
Value creation.
Between Gamestop taking debt to buy crypto to prop up the stock, and X inverting into xAI to protect his debt holders (using one credit card to pay off the other), it's a big week for value creation. Imagine if interest rates were even higher...or if real assets were at stake. 🤯
#inversion #finance #financialengineering #x #ai #gamestop
Elon Musk says he sold X to his AI company
https://www.ctvnews.ca/business/article/elon-musk-says-he-sold-x-to-his-ai-company/
deep dive into the financial engineering at work in Michael Saylor's not-technically-fraudulent "strategy" of borrowing billions of dollars to buy #Bitcoin via his company #Microstrategy.
And yes, if you're wondering, Microstrategy is the same company Saylor committed accounting fraud with while he was CEO of back in the dotcom bubble and in the process set a record for most money lost by anyone in a single day that stood for almost two decades IIRC
https://www.campbellramble.ai/p/convert-of-doom
#MSTR #crypto #BTC #financialEngineering #finance #stockmarket #options #gamma #cryptocurrency #MichaelSaylor
Using #LLM to tame the #factor zoo.
Paper:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4560216
#AssetPricing #ChatGPT #KnowledgeInference #FinancialEngineering
Great thread on engineering practices and how to manage for safety.
This post especially is worth reading and re-reading. Mastering technical complexity is one thing (exciting!), making the system robust in use is another (tedious!). We need more effort on the tedious side.
So true in many other fields, such as the design of complex financial instruments. Building those extra layers of "what if it fails?" is the hard bit.