I recently read an article in the Guardian that OpenAI is looking to float at a $1trn (a trillion, yep!) valuation. My initial cynical and satirical reaction to it was:
“AI — the greatest grift: First steal millions of copyrighted works, then pay poor people $2 an hour to annotate the data, make absurd claims about AGI and curing cancer and finally float at 1trn.”
But while this may be satirical and cynical, I am interested in what is really going on, on a deeper level as well, and not only in...

I remember 2019, I was in Greece for a friend's wedding, and Beyond Meat was the most anticipated IPO of the year. As both a vegan and a stock market investor, this was a company I was deeply passionate about. I sat by my phone on the Interactive Brokers mobile app for hours, waiting for the stock to finally open for trading to snipe it at first print.
The IPO was massively oversubscribed, and when it finally printed, it was far higher than the IPO price or where I thought it would open. Nevert...

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