Spotify and the Big Three labels have filed a record-breaking $13 trillion lawsuit against Anna’s Archive over a massive music data scrape. Find out what this means for the future of digital music.
Why, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
Are you going to tell me that investors are bumb enough not to see that nobody will ever even see a % of a % of a % of a % of a % of that number?
Why, none of that matters. Stock markets run on the hopes and dreams of investors. That’s how guys like Sam Altman can get away with evaluating their company at $1 trillion despite the bottom line showing them doing nothing but wasting funds.
While I do agree in general, Open ai is not a public company. Valuation logics of private companies are quite different than stock market.
https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
So in other words, yes, they are that dumb