> That's Kami Kaze for US frontier labs. There's no way from here for them towards trillion dollar valuations.
Those valuations are a scam, they have always been a scam, like an updated version of the collateralised debt obligations (CDOs) from 2008 [0]
[0] https://www.theguardian.com/business/2010/apr/18/goldman-sac...
I rewatched The Big Short recently, and all I could think about was AI labs.
Too bad they aren't public so we can't short them
shorting is not really viable anyway because you need the timing as much as the direction
it worked for the big short guys because the knew exactly when it was going to go bust
Michael Burry burned through tens of millions of dollars on holding his position. Others enter later but still ahead of the collapse. They knew and they didn’t. And even if Michael Burry new exactly when, he had to convince his investors that the millions they were losing leading up to it would get recouped.
You can buy CDS on Oracle, as many did already.
Through my broker online for a couple thou or do I need big money for a sit-down agreement? Apologies, this is an instrument I didn't think existed to the retail market.