The dotcom bubble gave insane valuations to "companies" that literally had a static html page and no product or service.
That is WILD to think about because I regularly create one-pager websites for my own projects...kinda bewildering to comprehend valuations for something so basic.
Maybe that's a reason to stop doing it.
Those insane valuations were not 1% of this.
What do you mean? The idea is obvious, it's an Apple Homepod sized orb-screen, like a mini Vegas projector, running OpenAI's realtime API.
So, basically a Palantir?
I don't totally get the comparison - Palantir is a tech enabled agency making glorified dashboards that benefits from affirmative action for libertarians, and the mini Vegas orb product is Jony Ive's new dildo to capitalism to worship. Two very different things.
the object from Lord of the Rings
Ha ha, okay that’s a good one.
Sounds to me like money is being distributed to that startup‘s investors?