81–90 of 207 posts
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I don't understand what "low risk" means here. For a start-up, 99% risk of failure is low. What are we comparing that to?
Maybe the loses are limited to the amount of the investment in the startup? No risk of consuming more resources than intended before dying. If those things were integrated into the giant there would be political risk of it eating all of the money of the giant.
Why do you think? Not because of any output of the company, of course. But because buying it helps perpetuate the hype and money cycle of the 'AI' trend for awhile longer. It may not look like it directly, but a purchase like this keeps Nvidia's stock up in the future, which is all investors care about.
> At that time, the company was valued at $2 billion. Hello bubble. Then in maybe one of the best rug pulls of all time, in July they quietly changed their revenue projections to $500 million. A 75% cut in four months. I feel like I'm missing something here…
They understand the value of the tech
Edit: my information might be old, I don't know if they successfully taped out their second gen chip or not. Can anyone corroborate?
> About a year ago, Groq announced a $1.5 billion infrastructure investment deal with Saudi Arabia. They also secured a $750 million Series D funding round.... Then in maybe one of the best rug pulls of all time, in July they quietly changed their revenue projections to $500 million. A 75% cut in four months. I’ve never seen anything like that since the 2008 financial crisis. Not following the core argument here. Aut…
If they told the investors privately then they're probably fine, but I doubt they did.
> I don't understand how market regulators allow this. The US government is literally for sale. Businesses know that this window is limited and are executing antitrust manuvers left and right while they can.
the window is un-limited so there is not rush. the government has been for sale for a long time and will continue to be so regardless of who is “running the country”
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Yeah, it's always corrupt. No, it was not always this corrupt. We're aiming for third world. That's going to be a new experience.
how do you measure levels of corruptness?
On the other hand, an advocate for greatly increased corruption might claim that corruption can't be measured at all. Or, hypothetically, they might strictly use un-anchored non-metrics like "the other guy does it too", "any is too much", "omg look over there!", etc.
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Yes, it is different. Pretending it is the same is just another way to defend the corrupt ones.
how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper
Trump on the other hand is completely open about this. He even brags about making money from deals, something that was previously considered a huge conflict of interest. He appoints people based on loyalty alone, not knowledge or experience. He bullies countries into compliance with mafia tactics ("appease me or else..." tariffs or even war like venezuela and greenland). It's a huge moral shift where that is no longer unthinkable. The US used to have values. It was a country that was at least trying to be the good guy.
Also, the constitution used to be holy. Now Trump is flaunting the 1st amendment on a daily basis (limiting LGBTIQ+ speech, establishing America as a "christian country" which is explicitly forbidden). I think all these developments are very concerning. I don't live in America but considering it is still a big world power it does worry me.
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This is not new in any way. Famously, Cisco has done this for decades, having been on a nonstop mad acquisition spree since the nineties, and more than once even acquiring companies that started as Cisco spin-out. Also many of Google’s flagship products come from acquisitions. Eg Android, Docs, YouTube, their entire ad network, Firebase, DeepMind, lots more. This isn’t easy! Equally famously, Microsoft routinely botc…
Almost the entire biotech industry has been this way for decades once the small molecule patent cliff hit pharma and the R&D costs for therapies skyrocketed. If you look at biotech IPOs, the majority of the startups IPO pre-revenue , long before they’re even legally allowed to sell anything. Which is totally fine: anyone who is a biotech investor knows this and everyone makes tons of money in this arrangement. Invest…