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A 246-Word Letter Worth $32 Billion
Have AI Investors Lost Their Minds?
A company founded by three men with no product and nothing but a website showing a 21-sentence letter from them to the world has raised money at a $32 billion valuation, equivalent to companies like Hyundai.
No product, no nothing, beyond this letter.
But how is this even possible? Is the pedigree of one man worth that much?
Of course, the answer is more complicated, involving two other aspects: having the AI future of your country on your shoulders and a contrarian bet.
But is this a foolish investment? Sounds like it, but crazily enough, it might not be.
First principles analysis and AI in a world filled with false experts using incomprehensible jargon don’t usually go together.
But in my newsletter, they do. This article is a shortened version one of my latest articles. Consider subscribing if you want that extra knowledge that puts you ahead of those ahead.
