The Metaverse was being spruiked as the next big thing that everyone will need a VR headset for by Facebook as recently as 2023, which went so far as to change their name to Meta Platforms in 2021. Then they posted dozens of billions in losses in their Meta department each year for the succeeding couple years before casually dropping a post saying Meta would ‘pivot away from the Metaverse to focus on AI’ in early 2023. Wonder what the final losses will be for LLM AIs.
In a rational world, investors would watch Zuck to see what he goes all-in on next and avoid it. Buy the stock market is built on feelings and hype, irrational by nature.
The Metaverse was being spruiked as the next big thing that everyone will need a VR headset for by Facebook as recently as 2023, which went so far as to change their name to Meta Platforms in 2021. Then they posted dozens of billions in losses in their Meta department each year for the succeeding couple years before casually dropping a post saying Meta would ‘pivot away from the Metaverse to focus on AI’ in early 2023. Wonder what the final losses will be for LLM AIs.
In a rational world, investors would watch Zuck to see what he goes all-in on next and avoid it. Buy the stock market is built on feelings and hype, irrational by nature.