'AI washing': firms are scrambling to rebrand themselves as tech-focused
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Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#2I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?"
I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#3I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?" I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
A lot of it is prisoner's dilemma and its variants. As an investor, even if you think a particular AI shift is bullshit, you have to take into account the possibility that other investors won't - and at that point you might miss out on the gains.
This is one of the reasons stock market is so disconnected from reality.
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#4It will be challenging for non-tech people to present themselves as tech.
Especially those who have not implemented software in businesses trying to suddenly boil the ocean with AI.
AI remains a great step forward to help businesses benefit from technology, with more than one competency around the table.
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#5I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?" I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
Allbirds sold their shoe business and is basically a SPAC that spun up an AI company under the existing publicly traded company. For all intents and purposes it’s just a new AI company.
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#6Two past co's I know well rebranded themselves as "cloud" a decade ago with a narrow definition
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#7I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?" I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
A lot of it is prisoner's dilemma and its variants. As an investor, even if you think a particular AI shift is bullshit, you have to take into account the possibility that other investors won't - and at that point you might miss out on the gains. This is one of the reasons stock market is so disconnected from reality.
But wouldn’t it be a failure if it’s bullshit and therefore no gains?
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#8[deleted]
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#9I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?" I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
> Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?"
Perhaps the investment is more on the “greater fool” theory. “I think this is complete nonsense, but there’s probably someone not as savvy who will buy into this garbage idea upon which I can profit.”
Re: 'AI washing': firms are scrambling to rebrand themselves as tech-focused
#10I'd love to read the mind of an investor that actually falls for this shit. Who actually thinks that Allbirds will see much higher returns because they "have an AI graphics division?" I like AI, but seriously, who actually invests on this basis? Where is the critical thinking? I don't feel sympathy for any investor that gets rug pulled on this stuff.
A lot of it is prisoner's dilemma and its variants. As an investor, even if you think a particular AI shift is bullshit, you have to take into account the possibility that other investors won't - and at that point you might miss out on the gains. This is one of the reasons stock market is so disconnected from reality.
its greater fool theory https://moneyterms.co.uk/greater-fool/