> investors should be cautious about
if they are cautious, what would make them invest in newer bigger models without the expected return? generosity?
> investors should be cautious about
if they are cautious, what would make them invest in newer bigger models without the expected return? generosity?
Sunk cost fallacy.
So much money has been invested in Anthropic and OpenAI at this point that to declare it a loss and walk away could potentially destroy a lot of VC firms, and a non-trivial chunk of the US Economy.
Sunk cost fallacy is not relevant to future investment.
what an absolute plonker
do you know how ROIC is calculated?
Good luck hiding your huge sunk cost of bilions and billions in there bro. I wish people who had zero understanding of actual finance would never comment about it.
Moreover if they declare their existing assets are bunk, the valuation is marked down, especially after now pricing in failure risk - this is catastrophic for VC's.
Again, bro, just be quiet.
sanest comment here
> Sunk cost fallacy is not relevant to future investment
Outside of future choices, what in the world is sunk cost fallacy in fact relevant to? Do you understand words?